I walked the outside of the outdated property and snapped some pics, rolled some numbers in my head around:Mid-range ARV around 400knew doors and windows throughout, 15k including entries for good stuff (I know that's high, better to err on the side of caution)fresh paint in/out at $5 per sf for good stuff, call it 9kflooring throughout, 6.2k at $3.50 a sf2 bathrooms, 15k kitchen 20k including appliancesso about 55-60, plus some extra for unforseen and pool, so 65-70k, leaving me an offer of 200-230ishI'm sitting in this driveway for a solid 45 minutes taking notes, running numbers, pulling title info & last sale price/date (Chicago Title mobile app), etc.  

That's my strategy, Im buying turkeys at 10% or greater under market value, with 20% down I have 30% equity walking out the door.

Will likely do a "walk before run" with a couple of the best rated but admit to preferring to buy whole mortgages.

The main Team members are Attornies, Real Estate Agents, CPA's (or accountants), Inspectors, GeneralContractors, And Handymen.Always do the analysis numbers so you can tell if you have a good deal, and try to look at the subject property before you make an offer or at least have a clause in the sales contract that will allow you some inspection time (usually 15 days) and let's you possibly walk away from the deal without a penalty that exceeds your earnest money amount.  

If you're investing residentially in the Las Vegas area and wouldn't mind the company, I would love to watch the process of searching for a property, financing, negotiating, walk-through, etc., or as much as I can.

So I want a checklist at the ready to walk myself through all the steps in order.

I would be more than happy to help walk you through the process.

Instead of getting foreclosed - why cant the owner sell it for 300K - and walk away?

My concern was twofold: First, you lose the ability to do the final walk through, because you have 60 days of not knowing what they're doing to your place.

You can walk to Mt.