After a thorough market analysis, I reached out to the seller directly and negotiated a fair price based on comparable sales and the property's current condition, emphasizing my ability to close quickly.

main thing about Vegas prop taxs and weather conditions.. 

For properties like these, the condition and price often don’t warrant upfront financial vetting, and too many barriers can add friction to the process.When it comes to lead times, I agree they’re essential for occupied homes—if tenants are involved, a 12-24 hour heads-up allows everyone to prepare.

This approach lets you get closer to the market rate over time without shocking the tenant, especially since she’s been a good tenant.It’s also a good idea to explain to the tenant that you’re trying to bring the rent in line with current market conditions, and if she’s open to a longer-term lease, you could even keep the rent at the current level for another year.

It's worth noting, however, that in the long term, housing markets with abundant vacant land can significantly increase their inventory if policies and economic conditions favor builders.In markets like Las Vegas, where undeveloped land is limited, and population growth is strong and steady, housing inventory will continue to tighten.

They'll have to find a home they can afford, and then one that meets the guidelines (needs to be in good condition.) 

So what kind of living conditions will this family end up in? 

Depending on what you are paying vs the condition of the property today, might be better deals out there on East Side in more developed C class areas.

@Alyssa LakeIt depends upon many variables, such as age, condition, location, the amount of capital you need for repairs and unit turns.

Place is in general good condition other than the persistent stench of pot.