My partner does not think so because it is in an undesirable area, and, although property values are on the rise, this neighborhood will be the first to take the hit and go back downward when/if the market tanks again. 

HI sailed through the last recession like nothing happened. so not true.. tourism hit an all time low.. prices dropped like everywhere else. they did not crater but they dropped.lots of different things going on that will help Vegas.. one that is major is SALT/..

@eddy udryThanks for that,  i know down here in Twin Fallsthe rentals arround CSI are wierd,  I have a friend that owns a duplex and 1 renter wanted a 2 year lease because his daughter has to stay in the district and the other half is hit and miss but, full most of the time.

Thanks @Louise Alexander and @Jay Leisten for the welcome, I'm making it a priority to hit as many meetups as possible, so I'm sure we'll see one another soon enough!

you could rent the place for 6 months until its "seasoned" and the bank will not hit you with that mortgage, after the refi- you can keep or sell.

I don't want to keep taking the hit to my credit score every time I apply so I decided to just wait it out until I know I can qualify.  

Our first plan was to use and FHA 203k loan but being that my wife was a house wife and we were living on one income pretty much the last 3 years my credit took a BIG hit.

I won't allow personal checks because it can take up to 10 days before I find out the check bounced.When I hit a tenant with a 3-day Pay or Quit, I serve it through the Sheriff and it costs $50.

We took a hard hit from an issue with the city regarding an after-the-fact permit and everything going wrong on each property this year so we've only got about $8k in cash.

Look at you with your gold mine joke....you're going to fit in perfectly around here ;)Sounds like you've hit the ground running with your real estate hustle.