10k sounds right on the money for a 1600 square foot house HVAC + Roof (4000 for a 4 ton unit 6000 for roof)Paint would be around 4k, kitchen around 7k, 2 bathrooms 5k, flooring 5k, fixtures/demo/lighting/etc another 5kYou're more like 35k for rehab unless he's literally doing everything himself to save on labor costs75k + 35k rehab = 110k all in / 140k = 78% ARV minus repairs dealIf it were in Phoenix and you had solid comps in a conforming neighborhood I think it would be a good deal.

But, it is a solid blue collar area with low crime.

It's in good shape and has solid rental history. 

Overall, it seems like a solid deal. 

I would buy there in a heart beat if I did not have to deal with CA income taxes and TX property taxes eating at me from both ends.But if you do go down the buy and hold path, you need to put together a solid plan that will take the unit from cash flow negative to cash flow positive. 

Hi, anyone out there have solid recommendations (or strong warnings) for Las Vegas property management companies?  

Right now, it's all about trying to build a rock solid foundation, and with the discovery of this site, I'm feeling confident that I have the right people in my corner.Thanks again for the advice.

Just be honest about what you’re doing and I bet you get lots of solid information.

I spent the weekend cleaning it and getting a solid game plan in place.I am looking for suggestions on good roofer and a good plumber.The house is only 900 sq ft.  

While benefiting from a great location and solid bones, and a good rental history, there is no denying that the dearth of inventory and the general frothiness of the real estate market must have played a role.