I don’t mind the lack of tornadoes and hail either. in all reality Vegas is for sure a top place for the landlord given age of assets and such minimal maintenance and or act of god events. as long as you have good HVAC  those houses your describing are basically bullit proof 

Taxes are $9,000 for the year. 1,200 mortgage 746 taxes120 insurance 120 maintenance ————————-26,232 annual expenses...2 bedroom $1,7003 bedroom $2,000Garage $200—————$46,800 annual incomeCash flow should be about $1,500 conservatively per monthHopefully you’re still reading ….

Also A/C is one of our most common maintenance requests in the summer.

The Maintenance Code for keeping older, building in shape.

With 25 percent down and self managing the property myself number look like this Rent 1750vacancy 87$ or 5 % insurance 718 $ sfarm Ptax 4500$ maintenance 2 % its a 2019 built home hopefully not to many issues cap ex 2%Hoa fees 38$ per month loan payment $1025 ( prinicipal and interest) Cash Flow should about 100$ from day 1.

Everything I’ve ever read said that losses on paper (depreciation, maintenance, etc.) can carry over to your W2 income and save you on taxes there.

So in other words zero maintenance and decent cash flow.

Mine states all vehicles must belong to Tenants, be operational and licensed, no trailers/RVs/campers and other recreational vehicles without prior written approval, park only in designated spaces, no maintenance work can be done on the property, etc.

For example, you may be evaluating a shopping center where one tenant is responsible for all of the repairs and maintenance within their premises, including the HVAC units.

When I first started in real estate I set a line in the sand that said, “ I want to make at least make $300/door for a financed deal to be “worth it” after PITI (Principal, Interest, Taxes, and Insurance), plus a maintenance reserve.”