If you do it yourself - you are likely looking at a greater return but more work. 

I believe that's a fairly decent return for our first investment.

Your cash on cash return for each individually will be much higher since you've only laid out 20% vs 100%.I could go into more detail, so let me know you have questions.

Good to excellent based on return, built in equity, scarcity of property etc..

My plan is to purchase another property in a year or two if I get decent returns renting this property.

That way if the market tanks at any point I will sleep like a baby and the cash register will still be ringing.I think I mentioned before Las Vegas may not look as good on paper for returns as some of those other areas, but I don't look at just the return I look at the entire picture which includes the property itself, the location, the potential tenant base, the management, the city economics (demographics, growth, taxes, COL, etc), and even the city itself would I live there, the distance from me, etc. 

So, I attempted to contact another lawyer today and was told that the amount of work that would need to be done with this case would be too much for the estimated return, so "sorry but good luck, we can't help." 

The second time they just never returned my call.

Easy to check by looking at your Schedule E (if you file your properties on your personal tax return) or Form 8825 (if you file as a partnership) 3.

It's hard to hold a property after you calculate it's return on equity.