We also have two kids of 5 and 3 years old (with $2k child-care monthly)Here is my questions: If we plan to move out of Vegas, we will not come back to Vegas again.

The railings and balconies have to have lattice or some type of material attached to them to make sure someone such as a small child can't slip through them.

A little bit about me first, I am 24 years old married with 1 child and I love finance and managing money my mom is a realtor and broker and she was my inspiration partly to get into real estate.

From FannieMae.com:Parents or legal guardian wanting to provide housing for their physically handicapped or developmentally disabled adult child ---> If the child is unable to work or does not have sufficient income to qualify for a mortgage on his or her own, the parent or legal guardian is considered the owner/occupant.That means 95% LTV is available, and the same interest rate pricing you'd get if you were going to live there yourself.

When they call and to make appointment for showing you should say our rental criteria is xxxx, example:  No felonies, credit score over 650, verifiable income greater than 3 times the rent, age over 21,  our ( 1 br is maximum 2 person occupancy and a child is counted as an occupant) and we require photo ID., No evictions for the past 7 years.  

Clean air and no child labor.

@Jonathan Child I’d buy duplexes or triplexes with 25 percent down that cash flow well.

Did not include wife on the credit check ( although we know she works but is on maternity leave.) looks like a couple on a good 3 year trend in job progression but very rough past ( divorce, child support and some bad debt.) how much deeper do we dig ?

My problem is more that I tend to focus 5-10 years out, and even as a child I was good at not pulling the trigger when I wanted something.  

If you have no intention of renting the place to your child then no license is required.