This is my clause.

Do you live in the UK or in the States?

Hey Anthony, did you ever find a resource for Las Vegas Code Violations?

I think this is a more challenging question than it seems.

Purchase price: $8,500,000 Cash invested: $3,450,000 This property was acquired from a motivated seller at a 20%+ discount to market value.

I've been in this market for 7 years as a realtor and work about 40% of the time with investors. 

@Keonhee ChoThe Austin area presents challenges in finding properties that cash flow, especially with BRRRR, due to high property prices and rising rehab costs.

Labor shortages have hit that industry just like everything else, so finding reliable, trustworthy, quality cleaners is a challenge everyone is facing.

Add maintenance/cap ex, vacancy, PM, misc and this is likely negative more than $500/month even if self managed (much more than the negative $200 that you indicate you are ok with) 2) if you are behind on mortgage, how are you going to handle being negative $200/month, or more like negative $500/month?

For the properties that are normal and make sense to purchase, the current owner in default, as time to lose property gets more closer, gets desperate and ends up finding a way to get current.