Looking at the Macro picture many of the metropolitan areas in Texas have a much lower unemployment rate than Las Vegas (331). http://www.bls.gov/web/metro/laummtrk.htm

Should a major expense, a la a roof arise, the management company could invoice the holding company for costs in excess of income and the holding company could transfer funds, write a check, whatever makes sense.

Less is definitely more.Logo people and web designers can try and make things pretty.

The author has decades of experience.

Usually spider cracks (little hair line cracks that resemble a spider web) look minor at first, but over time will create a crumbling effect.

Sub then filed suit against the property owner, and then against the owner's employer...the PM company, since THEY do have worker's comp coverage.The PM's insurance carrier is defending the case, BUT they had to post a reserve in excess of half a million dollars in case they lose, AND, they are canceling the insurance for the PM.

Do some web searching, though.

Try these two web pages.

I always thought a newbie investor starts out investing with single family homes then eventually 1031 exchange the properties into commercial or multi-family units, therefore I always thought my end game would be own apartments or a large commercial buildings. 10 years ago, I read a book by John Schaub "Building Wealth One House at Time" and had a chance to speak with the author over the phone for about an hour.

So if you sold for $1m and bought a property for $400k the IRS would look to tax the $600K you didn't spend.Since you don't have excess cash you may want to consider something like a Delaware Statutory Trust which will absorb your debt with the institutional financing of the sponsor.