It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by Month$/SF showed a slight drop MoM, which is surprising considering the decreasing rental inventory and time to rent.

Congrats on your early success... have you been finding your own deals or are you sifting through deals from wholesalers, investors, agents, etc.?

You can get a pretty good idea of current occupancy just by looking through FF listings. 

@Jonathan Krauser I have been through a similiar situation.

I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.

The real concept should be buy a good house in a good area, pay it down to where it's a low monthly payment in a 3-7 year time frame through recasting + pre paying mortgage. 

I would love to hear any advice and insight.Thank you Did you follow-through with making the offer? 

Temps in Reno, NV are still in the 70-80s through June and on average don't punch into the 90s until July and August. 

If you are not already working with a Qualified Intermediary on this, I'd be happy to give you a free consult to walk you through the details of your case. 

Currently, my main bottleneck is going through hundreds of leads to qualify them before I spend the time running numbers; it would make my life easier & the business a lot more efficient if I had a VA who I could train to go through/qualify the leads for me so I can focus on the valuation/reaching out to homeowners.