Feels like I’m starting late.

Start with an easier and more realistic project.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

There is a lot more that goes into taxes but that is just a start.

For a more in-depth view of the Las Vegas investment market, DM me for a link to our blog site which contains more information on investing in general and investing in Las Vegas in particular.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes all property types and price ranges.We're observing the typical seasonal slowdown in prices and inventory that starts in July because fewer people are buying properties and moving as school resumes in mid-August.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had a slight drop MoM ($1.19/SF vs $1.20/SF).

To invest in a house hack, consider income consistency, minimum monthly income, emergency fund, extra savings, debt-to-income ratio (DTI), financing options, stabilizing income streams, starting small, and rental income consideration.

PMSes have become much more popular over the few years and every OTA has started to open an STR option.

What would you suggest should be the first five steps for someone starting out? 

She started doing Flips in 2013 and became the Agent and Broker and switched to just building this one type of house to sell.

That is much lower risk than handing him a bunch of cash and watching him drive away with it.