You should try to find new tenants and you should pay all the bills associated with the vacant rental from the money you've saved from the income that is allocated to paying operating expenses.

I seriously doubt with every bone in my body we need to be stocking up on guns, ammo, food, safes...etc.It's almost laughableI'll bet they thought it was laughable just before every other catastrophe in history.

In addition to operating my exchange business, I've been an investor for almost 30 years now.Best wishes to you and your fiance,Ken

Your best bet, if you can find a lender, is to do a straightforward refi and pay your friend off as part of that transaction.

I bet that second would take $1500, and the first would take a whole lot less than $700k.

Your best bet may be small neighborhood banks.

Don't forget operating expenses like advertising and the sort.Lastly, with regard to financing, it will be tough to buy without putting money down.

I bet Vegas is full of real estate opportunity.

Most of the guys operating these companies like Blackrock used to be executives for the mortgage companies and investment banks.

Many people, know, for example, the story of how IBM initally tried to acquire an operating system from the PC from Digital Research, but were turned away and ended up getting one from Gates.