You may have to deal with pet, smoking, drugs, non payment, divorce, firearms, abusive tenants, physical damage, unemployment of tenants, physical disablement, disruptive children, disruptive visitors that come and stay, fire, natural disasters, management, all or some of the above and much much more.

@Barri Griffiths, I would use the current one as a guide but I wouldn't use less than 10% for total physical and economic vacancy.

For the 203k, work has to be started within 30 days of purchase, completed within 140 days.Do you plan to physically do the work?

TLDRI'm stuck in between buying a multiplex or a single family home as my first investment property.if there is an investor in Vegas that wouldn't mind taking a young, enthusiastic, passionate, entrepreneur-to-be under their wing, I would be willing to work as hard and efficiently as possible to learn the ropes from you, for the sake of my family's future well being.

You can always negotiate additional clauses such as a percentage rate to the seller as well. Be

If they're in your house working without their own insurance, you're liable for the well-being whether you like it or not.

I've only ever brought a physical check to closing at the title company. 

I know I should find out more about the neighborhood (I haven't physically visited yet - it's been all online viewing.)Not sure I'm giving enough information to get input - just curious how to even begin assessing something like this...

This will be my first purchase and I see a lot of potential but I wanted to see if anybody has any experience in buying out of state using a low to no money down (I.e va loan, fha, etc) without physically occupying it, or would I have to deal with a 20% down payment?

@Danny Ondik people throw around a "rule of thumb" as if it's a basic law of physics that can't be altered.