If one person has smoke in their unit and causes the alarm to go off, the alarm in all units go off, and the fire department is automatically notified and is required to show up (is what I'm told by the FD and PD).

I've had a great experience and I was a new agent. 

Any advice for first time buyer on where to find private money and/or a good realtor/property managers in my area of purchase.  

Ben Hi Ben,Some property management platforms offer rent reporting if you process payments through the service. 

They are all long term rentals with property management set up.

@Michelle Nevarez stated that she's not sure if she wants to invest in Las Vegas because of the insane prices and is open to looking out of state...

And is there any angle I'm not considering that would make this an unreasonable idea to pursue?

The situation made me go "hmmmm" and I thought it would be a great one to throw out here on a slow Sunday morning.

HI @Anna DeatherageI would look to connect with a property manager or agent in your area.

Someone had contacted me through BP and I was able to work through them to secure the deal.