There is also a big scarcity of good lots to build on and very low housing inventory.

It is pretty rare to see any spec building in this area, and when you do it is generally homes that are much larger than your 2500-3000 sqft, I attribute this to the high cost of dirt in the infill areas, and the low cost of the current inventory.

In your scenario that kind of thing works.In a general sense many sellers use inflating the sales price,putting all these conditions in to get the bonus etc. that for the most part are not going to be obtainable.That's the part that waters down the bonuses offered by builders or regular sellers and experienced brokers and agents know this when they see those offers.If a sellers or builder is going to offer a bonus they need to stick to their promise or they lose all credibility.Not so important for a one off seller but highly important for an investor that sells multiple time or a builder that has inventory they need to keep selling.Burned brokers and agents will spread the work quick about builders or investor with bad business practices.

I work with companies to get inventory levels right to maximize profit.

Should I attempt to get some conventional financing in CA claiming I work 3 days in NV, should I buy something else in NV before I move as another door in my inventory?

You'll find much of the stuff you'll find on Loopnet, but quite a few agents around here skip loopnet altogether and just run their inventory on the MLS.

What are the prices and inventory like?

I buy them cash and hire all the renovation work out.I have been able to get some very good deals like this because the inventory of bank owned homes in my area is very high.

Those factors have resulted in around a 1-month supply of inventory on average for the metro and an increasing pricing trend for entry level homes.

When I wrote the formula doesn't work here, I was referring to how our current market and lack of inventory makes it nearly impossible to apply it to properties in desirable areas off the MLS.