A thorough evaluation will help you identify potential risks and make informed decisions about whether a property is worth investing in.Here are some key factors to consider when evaluating a distressed property:Location: Location is one of the most important factors in real estate, and it's no different when it comes to distressed properties.

We discovered that some warning signs include consistent delays, a lack of communication, poor craftsmanship, and failure to meet agreed-upon milestones.

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.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 MonthRents started to rise after the holiday season.

You'll get a sense of it's "$5/sq ft for LVP flooring" or each window costs this much, exterior paint job is $6000, permits, etc Add up every little thing including light switches and electric outlets. 

Rural areas are typically defined as areas with populations of fewer than 35,000 people.Use: The property must be used primarily for rental purposes and provide affordable housing options for low- to moderate-income tenants.Developer/Owner Eligibility: The developer or owner must meet specific eligibility requirements set by the USDA, including financial stability and experience in property management.Income Limits: The tenants who will be residing in the multifamily property must meet income eligibility limits set by the USDA.

When it comes to determining whether to remove the tenant temporarily or proceed with the necessary repairs, there are a few factors to consider.First, it's important to assess the extent of the damage caused by the water leak.

I then include a letter from the lender indicating a pre-approval for the funds.This way the offer looks good (no extra contingencies), but is completely transparent with the financing details.

Depending on the loan amount you need, the length of time you need the funds for, the scope of work, and your personal qualifying factors - you could utilize a short term bridge/rehab loan to do the renovations or you could take out a HELOC!

Capital gains are something you want to factor in along with what your wife wants to do.

. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.