When declaring your income & debit, the bank will see the personal loan - - *may* impact your DTI.

If you see an inflation adjusted declining per capita income you need to carefully consider the long term value of the investment.Inflation adjusted income in Las Vegas has been slowly increasing (except during the 2008 to 2011 crash) and projections are that the increases will continue according to a Federal Reserve Bank study.Ongoing Maintenance CostOngoing maintenance costs can have a significant impact on profitability.

Also be aware of the tax implications (tax owed on gains if you sell, depreciation's impact sheltering your income if you hold, and the impact of interest expense deduction if you take out loans).If my sister asked me this question, I would recommend taking a mortgage on the current property now, then taking time to find an additional property to buy.

When using the Pa State Workers Insurance Fund for workers compensation, do they force you to pay workers comp on uninsured sub-contractors. 

I have a question for all the BP experts.I am fully aware (and abide by) all owner occupant requirements when dealing with any type of government owned/marketed homes (HUD, Homepath, etc).However - I ran across a new listing today that is simply bank owned (national lender) in which they are forcing a 14-day owner occupant only period.  

However, I personally believe forced appreciation is the way to go...If your are SERIOUSLY interested in something like this PM me. 

It's one thing to know what kind of return you want and how to run the numbers, but another to understand if your estimate of rent is correct, and what the market will bear to force appreciate a unit.

Unless your parents have already moved money from stocks to cash there current pricing of stocks will have more impact than the rest on a long term investment.You should start with talking to their broker.  

@TylerHerman I don't have a specific question just trying to receive some professional feedback on my rough copy of a plan..I believe with a conventional loan you need at least 5% to put down and as far as repairs I wouldn't have enough cash to really make an impact on a fixer upper 

This will also force you to become educated in the markets you're farming.No different really from assessing other deals.