I plan to get some skin in the game once I return from deployment.  

I've been lurking around during my research phase, but so glad to be posting and talking to real people who have skin in the game!

Especially in a land locked city like Las Vegas, that is experiencing strong population and rent growth (even during the 2008 recession) - a good healthy cashflow from day one is absolutely my number one goal on any property i buy - i have substantial equity (30-60%) in all my properties and could cut my rents in half and still break even if needed, so my rationelle on this one is: my overall purchase cost are ~ the same as if i bought the same property 24% BELOW market with a 3yr 5% rental loan instead. it would likely cashflow 250 a month, compared to +/- 0 at the initial scenario. weIn both cases, i own a good condition property in an a class neighborhood, however it is fully paid off in one scenario, and i still owe more than 50% in the other after 17yrs. - from where it will cashflow WAY more than the one that still has a loan.

When you're looking for funding, a reputable lender is going to be looking at the strength of the deal, the money coming in by the borrower for skin in the game, the experience of the borrower, and the risk involved.

You will definitely need thicker skin and make sure everything is being documented.

Still shows very healthy cash flow, but a bit more down-to-earth.Good luck, this looks like a great find!

Most lenders won’t let you go more than 80/20 LTV anyway.Also, make sure that you still clear enough cash flow on the properties to stay positive and keep a healthy reserve.

I have some proforma templates I can run your project through.I agree with @Joseph Scorese that we're a bit overbuilt and due for a healthy correction in the near future.  

Made it through by the grace of God and skin on my teeth ! 

Right now everyone in my family is relatively healthy, so that's great.