Of course, there are small things that can make the property much more desirable to potential buyers without spending a fortune.

Are you in a market that was already"hot" and desirable?

My desire is to slowly build wealth through building a track record of credibility with the best players in the market (Be they investors, financiers, Lawyers, CPAs, etc.).I would like to hear from more seasoned investors on the importance of building a network for the long-term.

Quick lesson on Band of Investment Cap Rate:LTV x Interest rate = Debt Cost+Equity x Equity Yield Desired = Equity ReturnDerived Cap RateExample:(80%LTV) x (4.0% Interest Rate) =            3.20%+ (plus)(20%equity) x (10% Desired Yield) =         2.00%Cap rate need to achieve above =             5.20%Hope that helps.

This site is a gold mine to get you where your heart desires in RE.

Or, a triplex, in a much less desirable area, but with a cash flow of nearly $550 per month (50% rule). 

I definitely understand the desire to be free from stuff.

Furthermore, if I find a flip but it is not in your desired location then that leads to even more frustration.

There is almost no expansion room in desirable areas so urban sprawl is almost non-existent in Las Vegas.• Job quantity and quality - The value of a property is no better than the jobs around it.

I am confident I can get the property under contract low enough to make a healthy profit, but I have concerns about financing the deal, even with hard money.Here is a rough break down.ARV 200 - 210k - desirable neighborhood.