Please tear this idea apart and let me know what can be improved.

They all have equity and all are considered fixer upper/opportunities to me where I can improve the value. 

Lots of inventory there to work with.

With a conventional loan I was planning on financing the purchase and using cash to finance the improvements.

Getting a property zoned for a higher and better use is a huge improvement, they may have 2k in a lot that sells for 30 or 40K.   

Vegas has a lot of inventory comparing to Fresno.

I guess I figured I'm just learning, so any time I put in is important to help me improve, but that may not be the case in the future.Thanks!

It would speed up tenant repairs and he would be close enough when you thought he should improve the repair.    

Even more often the landlord is in a better position to modernize the building as the departing tenant is forced to pay the landlord for the damaged building and tenant improvements that would have had to been replaced anyways.Also, they are the people printing the money after all.

The introduction and passage of this bill will have an immediate impact on all of us working hard every day to improve homeownership opportunities in neighborhoods across our country.”