You can still get positive cash flowing properties in Las Vegas and Henderson, NV.

There are a lot ways to learn and as for being a paid mentor, I think you would find yourself in very uncomfortable positions.

I plan to pull out 80% of the ARV as long as it leaves me with a positive cash flow of at least $100 per month after expenses.My thoughts are I can get some of the benefits of "flipping" (quick cash out) with out the tax repercussions because I am putting it on the market as a rental.The only question I am still researching is if I can write off the "Repair costs" in the same year because its a rental or if I will have to depreciate it over time.

If a person is positive and looks for good they will find it.

We book a solid 100-125 nights during the ski season and only 25-50 nights the entire rest of the year (mostly weddings in July/August).If you are looking for a positive cash flow on this type of investment, run.

Congrats on having the equity that you do.Let me try to explain my position: Because of the economic climate in my (and other) areas I can likely get $1695 out of a home in an 'B+' neighborhood for $150K ($300/mo net income if fully rented).

-declutter the self doubt and defeatist talk that is going on in your mind every hour of the day.This is going in and reading positive books, showing a positive outlook for situations that come along, and seeking positive people to be around.

The key is finding out why the taxes are not being paid.The bottom line is that it is a stronger position to have the owner of the lot be the same owner of the improvement.

As an owner occupant you may prefer to have fewer renters in the community (hence many of the restrictions) but if you find yourself in a position of wanting to rent it you'll think very differently.

I'm also looking to connect with anyone else who may have helpful information to share.Several years ago I purchased a multi-family property in MI (my home state), on a 203-k and it wasn't the most positive experience, but I learned a great deal in the process.