It is further from the strip so traffic is at a bare minimum. 

Chances are they would not have such high sales volume were they to be a subpar agent.

So NEVER buy anything that has a chance of flooding DEFINITELY not worth the head ache!!

The chances of this being a deal and going well are slim to none.

This will give you a chance to make sure you have the right property manager and realtor in place prior to adding the stress of managing a full rehab from a distance.

If an agent has an off-market listing, chances are they're going to try to find a buyer and keep all the commission.

21 years ago, I did EXACTLY what you mentioned in your first post.... bought a 2 family building in Brooklyn, lived in the basement and rented the other 2 apts, did not have cash flow but at least broke even.Back then, I bought the property for $340k with a Mortgage of $272k, fixed.That Mortgage is nearly gone and 21 years of rent appreciation has given me a very decent cash flow as the rents rose way above my mortgage and other expenses.This is NYC, it is normal for Market Rents to rise very consistently for a long period of time, barely dipping.That house is current worth $1.7 Million conservatively.

Chances are listing it on MLS and selling it to a handy owner occupant is her best case scenario, but exigent circumstances could exist.

Is there any chance of me obtaining my license?

@Paul Rush is it by any chance free?