I'm certain these questions have been answered already somewhere, so I apologize if I'm kicking a dead horse.

Answered in other forum (Posted in Tax Liens, Notes, Paper, & Cash Flows Discussion)

I can’t remember the exact response but it was something like “we’re not exactly sure how premier partner will work we’re still testing it” AirBnB just rolled out APlus and this seems to be VRBO’s answer.

I think all of the answers above were also good.

The rule is that your purchase price should be allocated between land and building in the same ratio as the value of each component bears to the value of the property as a whole.So let's say the property is worth $100,000 with $60,000 of the value attributable to land and $40,000 attributable to building (you can use any reasonable method to determine this; one easy way used by many is the assessor's split, though there are other methods that could yield a better answer for you).You buy the property  at a huge discount for $10,000

After he missed rent he mentioned he just got a new job and would pay, after a week, he stopped answering my calls so I went to the property. 

The answer will depend on a whole lot of variables such as age, income, goals, tax bracket, etc.  

Is anyone willing to get together with us for a few hours some evening to provide a little guidance and answer a few questions? 

Hey everyone, So this is a quick and easy question with an difficult answer or maybe a easy answer from those with experience.

For most out of state investors Vegas isn't the answer it is similar to the inland empire but more isolated from the job centers in LA and Orange County (ie if you live in Vegas you work in Vegas)  I encourage you to look at both and possibly other markets, but if you are counting on appreciation and are planning to hold for a long time Prop 13 in CA is a nice thing to have.