Metal studs were used to resist future insect / moisture damage should it occur.

I would love to have enough properties under my belt to live off of in 4 years, but it occurred to me that if I don't, I could get my license and become a RE agent as another means of making money and further ingraining myself in the field of RE.

Pretty amazing to see what places are selling for around here given the amount of violent crimes that occur within a few blocks of my neighborhood (DTLB).

These folks have already received notice of the dates this will be happening (our Marshall's Service typically post that the event will occur at 8 am on "eviction day" even if it happens later that day) and so far, we've never been in the position where a tenant has had to be escorted off the property.Now...if you're asking the condition of what the rental unit looks like and what has been left behind....that's a different matter. 

The loss from the work performed can very likely be written off in the year it occurred, this saved our bacon come tax time but that's a different story.3.  

This does several items:1)  Your buildings are not vacant (which in some areas can lead to vandalism, and problems getting insurance.2)  The building are paying something until you get to the updates you wish to make. 3)  You will have some vacancies just naturally occur, which gives you the next one to fix. 4)  The tenants see the improvements you are making, some will want to stay. 

I believe it is.If/when a recession occurs, it tends to hit Las Vegas much harder than other cities with more diverse employment/industry.

Risks to this deal include:   not verifying that a special assessment may occur.  

It occurs to me that we could possibly use data from previous sales to mathematically find average house sales for different areas.

It can occur when roofs or walls start to leak, or there is under-floor leakage.