Las Vegas small multi-unit Problem is, 90% of them are in very rough area, like C-/D area, that being said, tenants pool are not good (I want to say they are in bad tenants pool, that is not in my consideration).  

Do you have a vision that allows you to see the best possible outcomes and give some consideration to setbacks?

An added consideration is what you do military and where can make a big difference.

Which is the reason I am giving fractional ownership a consideration.

a 20'-25' building is considerably more expensive per square foot than a 30-40' building would be...but the narrow building will also have smaller units which typically command a higher rental rate per square foot.

The other HUGE thing to take into consideration is Debt Service Cover Ratio (sometimes seen as DSR, DCR, or DSCR). 

This is your chance to explain your ideas and request that the Council direct staff to place the item on a future agenda for consideration.

Each property was vacant and unmaintained, no one had paid the property taxes for at least 2.5 years, and the owner of record either could not be located with considerable effort or was found to be deceased.

The primary consideration in financing multi family projects is your primary source of repayment, the adequacy of the rents for the amount of debt.

What else do I need to take into consideration?