You are facing very deep pockets should a challenge arise.

Your numbers should be higher.One challenge with condos now is non-owner-occupied financing.

-Hedge funds leaving Vegas-New/higher home prices combined with lower rental rates causing lower CAP rates and cashflow-The 80,000+ homeowners that are in default-The spike in NOD's being filed (Las Vegas is currently the 2nd leading city for NOD's being filed.These are just a few of the factors our local market is currently facing.

Having worked in commercial bank finance for 10 years, there would be some serious challenges in getting this done conventionally if it came across my desk, with or without the 30% down.

I know hedge funds stories has been kicked around a bunch but I thought this article I read today was good explaining what their process is for the big guys. http://www.costar.com/News/Article/Rising-Interest-Rates-Pose-First-Big-Challenge-to-Emerging-Single-Family-Rental-REITs/149416

I'd face the music that I hear and sell with the tenant and move on, with your money you may have to pay the fiddler some, use the rest, if any, on another property.Another consideration going the other way, use some of you cash to buy another property and let the new one feed this one to hopefully get a cash flow overall.

As far as comps since I don't have mls access I can only get a range from the popular sites, I did pull a list of recent sales from the tax site I'm still searching for buyers in that area I have found some but getting contact info has been challenging

For that, I kind of got a smack to the face that I was doing a disservice by telling people that when it absolutely doesn't exist.Normally, I don't say anything if people provide different advice than mine.

Don't buy thinking about how great it is but rather what its challenges are going to be.

If you can find a CFP who works with landlords - that might change things - but you are still facing some sort of bias.An estate planning lawyer is a must, but you probably don't need an ongoing relationship with him/her.