What I meant was that although I will be living in one unit, I wanted to analyze it as if I were purchasing it purely as an investment property.

we have built capital by living below are means, renting out our personals properties when we move and buy pure rentals that are shorts sales and undervalue. 

Our model is buy and hold real estate through pure rentals, personals turned rentals all being class A properties so smaller margin but lower expenses.Check out the Blogs, Podcasts and forums.

They got passive income with 0 down or their living expenses covered, depending on how you look at it :)We than used our savings as the down payments for two pure rentals.

Maybe less than with a pure rental, but some here will argue the expenses are the same for a lease option as for a pure rental.

Im finally able to do a property purely as an investment.

A pure real estate question about Las Vegas.

@Steven Hamilton II So for a pure landlord, its safe to assume that they're only subjected to long term capital gains of 15% ?

We have done very well using personal properties with pure investments to get our foot in the door.Definitly check out the blogs, podcast and forums.

That is purely philosophical though, on to the meat and potatoes of your process, if you are in construction, great, if you are not, get educated ASAP on residential construction terminology.