The best part about having elderly folks is that they don't move often, so you avoid turnover.In terms of refrigerator, I'm not sure what is the 'norm' in your area but in Las Vegas, most if not all landlord provides fridge, washer and dryer.

My niche is Las Vegas, and living in southern california, it was the logical choice. 

I bought a property in Las Vegas a few years ago, and have been renting it out with a decent cash flow:  $300/month.  

I made a similar mistake when I moved out of my first home in Las Vegas and put a "friend" in as a tenant - so this is literally just the advice I wish someone had given me.You need a property manager immediately - because you are headed for a world of trouble.

If you invested 9 years ago in Las Vegas, the March 2009 median price of SFR is $182k.

I see these little signs all over Las Vegas saying, "Become an RE Investor, earn $10-12K per month" I called a few of them and they all go to an automated voicemail and then someone calls you back and tells you they have a training program for you.

@Albert L. as @Jaysen Medhurst mentioned it's very common to get turned down for a personal loan after you've just made a large purchase since there is no collateral in case of a default.The best route is to do what you're doing getting a HML in the short time and then refinancing out in 6 months. 

Just a random curious question because im in las vegas and always see lots of land for sale or vacant and was wondering what kind of investors chase lots. 

Add two las vegas rentals which meet the 50% rule to my portfolio.I have one - tenant moved in last month (just shy of the 50% rule), and I'm looking to add another plus flip one or two ...

And as of today 04-25-2010 you guys are still misleading buyers and sellers, here is a clip from the Las Vegas Review Journal about how Realtors are selling short sales.........