You will get title insurance and adequate hazard insurance, there will be a closing attorney or title company handling the transfer of funds, and you will get legal documents drawn up (DO NOT use an online template) by an attorney familiar with lending in your state (which may not be the attorney that closes the deal because they often aren't generating loan docs, but receiving them from lenders).

In terms of buy and holds (cash flowing rentals) the opportunity is overall high, obviously based on how long you are willing to hold because the market in vegas has the ability to generate long term holding equity with the fact that vegas is a top 5 growing city in the country currently.

So far these have been doing well, located in college towns, east to rent out and generating revenue.

In my opinion, the hardest part about starting out in Real Estate Investing is the bloodline to the business GENERATING MOTIVATED SELLER LEADS.

Are you all seriously STILL advocating to people that want to be succesful to rely on a lead generation system that has a 1% success rate?

(I actually found out this is how the lead generation companies are running their ads to sell Agents leads.)It can be tedious but well worth it.

In other cases, they could be household basics like soap, toothpaste or shampoo.StorageIf there is unused space in a basement or parking lot of the property, converting it to paid storage provides both a valuable service to residents and a potential way to generate a steady stream of non-rental income.

However i am not able to tell how well two will perform as seller lead generators for the wholesaling portion of the business. 

We are not real estate professionals (tax purposes)This move will generate a large loss for tax purposes - I understand as non Real estate professionals we can only deduct up to a certain amount of losses each year ~3k with carryforward. 

It's a little 1/1 420sqft, but this thing is occupied 90%+ of the time and regularly generates 3k+ per/mo cash flow.