Can someone provide me with some insight as to how profitable this would be?

Or will the HD lender provide additional funds for construction?

For more serious projects, we do an engineering-based cost seg with Cost Segregation Services. 

Hey @Viji Pamudurthy you can definitely feel free to share where the property is located and more details and we can provide more commentary.

That will give you a good idea if this will work well or not.AirDNA can also provide some data for you.

I would require renters insurance and make it easy for them to purchase providing online options and suggestions to add to their car insurance, etc.

I used to get asked to deliver beer and then I ended up having to call social services to have the guy removed.

The breakdown of costs you've provided is insightful.

We are currently using Excel for the most part for tracking the rentals, and using a third party account servicing company for tracking most of the seller financed loans (Weststar). 

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by Month$/SF showed a slight drop MoM, which is surprising considering the decreasing rental inventory and time to rent.