IMHO they are the worst properties Vegas has to offer although they have tripled or quadrupled in value in the last 10-15 years, that was the play, not the cash flow. 

Double, triple or even quadruple check the properties vacancy, estimated monthly repair costs, and capital improvement requirements the properties has had, currently needs and will have. 

You won't need a triple net lease, since you'll be working there anyway.

In bad neighorhoods the insurance rate can triple, for pits it can be 3 times that.

Dimensional lumber has doubled and sheet goods, plywood and OSB have in some cases tripled in price.

These are the are that have triple digit YoY inventory increases:Austin,Vegas,Phoenix, Sacramento,NorthwestWhat makes this interesting is these are all the places that Californians moving into .....For sure Ohio is not on the list lol

Some of that land has doubled or tripled and some he is even.

Fixed bid contractors mark up their hourly workers cost and add around 30% for their time and they have to add cushion so it can easily cost double/triple or more if you have a greedy contractor...

No other loan terms will be as good as the FHA terms and a fourplex TRIPLES the number of “rent generating” units you can buy under these terms.

I also like that you have your goals set on at least tripling that number.