You might want to check with them and see if there is that much demand.That is definitely a niche product and you are a saint if you want to take on 200 Section 8 tenants and housing authorities. 

Question is too broad to give a definitive thumbs up or down.

Study up on legal issues, property management, market research, property analysis, and finance possibilities.Participate in online forums like BiggerPockets, attend meetups, join local investing clubs, and establish online and offline connections with other real estate investors.

As for the investing side of things, Vegas is experiencing some major growth in real estate and even now as the country as a whole is in a slow-down or market is definitely and hot and still a sellers market which is what you're looking for in terms of appreciation.

I would definitely require a long term lease unless it's specifically designated as a mid term.A 5b house can be difficult to keep rented.

None of our earlier models had any of these features.Probably won't get our damages back, but still feel happy adding to the thief's legal issues.Our locations stay really clean now.

The problem as mentioned above is that anything owner-occupied is going to come with a huge amount of regulations and legal compliance - its why most private lenders will not do loans like this even though they would do it in the same exact situation if the unit was a rental

I would definitely be in for a BP meetup!

It is definitely possible to get a fix & flip/hold purchase loan on something like this but on a conversion such as this one you will definitely need a contractor or some subs for the experience factor and all-star credit so lender can feel confident that the project can be completed.

It is half below grade and very well finished with 3 egress windows. )Cost: $300k (contract) (Appraisal by the bank:$282K)Rent: Long-term rental: If I only rent 2 legal units min rent is $3200, if I rent all 3 units min rent is, $4K.