Investment Info:Single-family residence buy & hold investment.

This is our current plan:- Buy 8+ unit complex (how do we decide how many units is too many??

If you can qualify for it, get a HELOC or HELOAN on those properties.Or find a creative private/hard money lender that can tap into that equity in 2nd lien position or to cross-collateralize them with the purchase of the new property and use that equity towards your cash to close so you can buy that next deal without much cash out of pocket. 

Buy a property as soon as you can.

We planning to meet with a lawyer soon to cement our articles of organizations and operating agreement before we form the LLC. 

Not all of them have millions to buy a house.

If they won't provide you that, just assume very high on everything and lower your buying price.

If you're the type of investor to leave lucrative vacation rental investment to luck, then this post is not for you..It is intended for those that are looking for a fool proof strategy and tips to finding, assessing and buying an STR in the mid to near term. 1.

This should be a serious wakeup call for those looking to buy a STR in Las Vegas.

I figure we save 5 to 10k per year if I had to buy a room or rent an airbnb..