You can do your banking there and begin a relationship with a lender that finances your real estate investments.

I can’t believe you found a renter with a lawnmower and the desire to mow.

I also partner with a lender who does mortgages for investors! 

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

I have invested a large sum of money with a company (individual with LLC) who has filed chapter 11 bankruptcy.

Tons of R6 lots still available in the area with lower price points for new homes.

We enjoy connecting with other investors local to us.

If you do, go with your house seller.

My position is new in Vegas so I am building my own portfolio, direct contact with me, no 1800 # bs. 

I'm open to working with interested lenders.