@Shavonne Justin Your best bet is to talk a someone with local MLS access to run you some rental comps or talk to a couple local property managers in the area.

With these odds, one should be successful 10% of the time.  

In other parts of the country the assessment value is much closer to actual value but that is not true in Vegas.You are correct that Zillow is hit or miss as well so don't use that for comps either.Your best bet is establish a relationship with a local Realtor that can provide you with solid sold comps for value.

We did loans in 30 some odd states if I remember correctly.

I've seen people talk about rentals and it seems like that is so risky and only slightly profitable due to maintenance costs and vacancy and stuff.Flipping houses seems like a much safer bet with bigger gains judging from the success stories.Again this is probably a stupid question with alot of missing variables.

Pete to be an oddly zoned market.

I'm not looking to invest in NY so I think buying access to MLS in other areas of the country will be my best bet. 

This seems odd since I would be renting a property that I live in while also owning a condo I rent out.Is this something typical to do while living in a high priced market?

But keep in mind that if that Company can get them under Contract for those prices, you can bet that they don't REALLY think they are foregoing $70k of profit for just $25k rehab.

Long term, the whole downtown will be massively changed over the next decade so it could be a good long-term bet.