After speaking to a few contractors and architects, the cost will run me 250-300k.

. - Lot more inventory to work with (flexibility)- I see many affordable homes 150k-250k range and multi unit homes around 250-400k range- Thinking of buying between or near UNLV university/ main strip so I have faculties, staff, students from the universities as well as employees from the casino/hotel- Property Tax is cheaper (but can be a con in other states).Con & other inputs: - I feel like Las Vegas have short term residence more than long term residence (most of the properties seems to be owners who are not purchasing to live but to use it as vacation home or short/long term rentals.... so many properties can be vacant and potentially allow squatters/long eviction process)- Nevada law require a "responsible" person aka landlord/property management within 60 miles - Distance (I like to buy my properties locally because I can stop by or fix something if needed either by myself or contractors that I work with/familiar with- Property Management fees since long distance - Finding a property management company that is reliable and trustworthy. - Unfamiliarity with the area/surroundings- Lower Rent compared to CA but I know I can't compare apples and Oranges (But I don't want to invest just to break even)------------------------------------------------------------------------ Tax questions ***Some state does not have tax on income(?)

Here are some details that I know of:Property: SFR 3/2Current Loan Balance: ~$247,000Current Rate: 8% (yes, that's right) they can't refinance they've looked into it already.Current Payment: ~$2200.00 p/m Current Status: VacantRent for the area: ~$1600.00Repairs: ~$8k+ (according to a recent bid from a contractor)ARV: ~$277,000Any suggestions would be much appreciated.

I've written about this for the BP blog as well. so when they give you the hud, you tell them "here, add 25K for rehab, and it's gonna go to this company" and you give them the invoice from the contractor.

Just because you are in a lower income area does not mean you can have heat that doesn't work, plumbing that always clogged and has no water pressure, unsafe electricity, leaky roofs, ect. 

Hello,I have just purchased my first duplex and been going through the place and noticed that the lower unit is paying for communal electricity (Washer/Dryer, outside lights and anything plugged in the basement). 

I've been with my current job, Instacart, for 1 year now as an independent contractor and will soon be passing the exam to become a real estate agent in Greenville, SC.

I don't have much experience with rehabs, contractors, codes, or planning departments.) 

I have met three of my best contractors from this group, and none of these guys is advertising at all.

Nothing currently exists and I haven't spoken to contractors.