Thanks in advance, we would appreciate any responses!

Great advice...thanks so much for the responses. 

I have rentals set up where I do not have a PM but I have a tenant take care of a few responsibilities and pay them a reduced rent..

The fact that you obviously couldn't be bothered to even try to check before writing a lackadaisical response to my post does not speak highly about your future success in finding a workable solution to your problem.

Thank you for your response and clearing this dilemma up for me.

. - Lot more inventory to work with (flexibility)- I see many affordable homes 150k-250k range and multi unit homes around 250-400k range- Thinking of buying between or near UNLV university/ main strip so I have faculties, staff, students from the universities as well as employees from the casino/hotel- Property Tax is cheaper (but can be a con in other states).Con & other inputs: - I feel like Las Vegas have short term residence more than long term residence (most of the properties seems to be owners who are not purchasing to live but to use it as vacation home or short/long term rentals.... so many properties can be vacant and potentially allow squatters/long eviction process)- Nevada law require a "responsible" person aka landlord/property management within 60 miles - Distance (I like to buy my properties locally because I can stop by or fix something if needed either by myself or contractors that I work with/familiar with- Property Management fees since long distance - Finding a property management company that is reliable and trustworthy. - Unfamiliarity with the area/surroundings- Lower Rent compared to CA but I know I can't compare apples and Oranges (But I don't want to invest just to break even)------------------------------------------------------------------------ Tax questions ***Some state does not have tax on income(?)

He said his starting point for talking price would be around 100x gross monthly rent but probably higher due to the fact he knows they're under rented.Here is my proposal: I'll pay a lease of $10,600 ($2,000 up and above his mortgage) and as a master lessee I'll be responsible for every other expense. 

It's basically a lawsuit saying that the tenant is unlawfully occupying the home after the lease expired.2) 6/22/2018 Received "Notice of service response".

Based on that response will they also do a higher LTV refinance?

Making money is a good thing.. and with that comes the responsibility to pay more taxes.