I just looked at rentals in your market and it appears the average price for a 4bed home is around $2,500.

Lenders don't like condos.I totally agree with checking on non-warrantable, but these appear to be lots with stick built cabins.

I would avoid this if its your first acquisition  but you also appear to have enough cash to complete the purchase without financing so you wouldn't necessarily be at risk of losing your deposit, only incur additional transactional costs.

Your understanding of the capital gains calculation appears mostly correct, but a few details could affect the final outcome.

It appears to me that it is a newcomer and many things are in-progress that some more established software already has in place (ie.- linking accounts and integrations). 

I've also known a few people who add  simple yard decorations or outdoor chairs to give the appearance of it being lived in.  

I truly did intend on just having them complete the Apartments(dot)com application, since it appears to utilize the TU SmartMove screening details that many here boast about... so the only thing that I am concerned on getting signatures for is the Authorization to Release Information when reaching out to current/previous landlords and employer for various verifications.

Also, it appears, (still waiting on the final investigation to close to get the point of entry, but it also appears and confirmed by the PM that they or he/she etc got in through a kitchen window, which was not secure and when I looked, it was then secured by a piece of wood to keep it shut.  

The issue you were going to run into is the prior owner appears to have a serious delinquency.

I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.