Despite all that, I did visit a couple of nice neighborhoods (not many) and if the properties you're looking at happen to be in one of those, you're at a much better spot than what I have described above. 

. - If you decide to keep the tenants that are already there see how well they keep the place

It's ugly as sin, but it's in the closet and won't be visible often.

The $12,000 profit from Rentals 1 and 2 would be offset by the $15,000 loss from Rental 3.Hence, the $3,000 loss cannot be deducted against your other income because your AGI exceeds $150,000.

We will be sure to be diligent in our capex underwriting, given we are looking for value add deals.

@Savannah Holzer- my current focus will be on LTRs for time being and due to geographical constraints.

I also think the real estate community is rather small, so will be a situation where knowing the right people will make all the difference.

Hey John, I used be a construction engineer and installed LVP in own house. 

Buying an investment property in Las Vegas @Josh Salapare could be a smart move, especially if you’re set on moving there in a couple of years.

@Tyler BurrisWelcome to the community and be ready for a huge amount of information at your finger tips.