-you need to consider disposition of asset, exit cap rates and valuation at key points like refi (if that is part of your strategy) and end of loan term Overall, I would say that all of the above needs to be put into a MF underwriting model as there are a lot of factors missing that will blow this investment up (in a bad way).

Would a letter from him (not a company, just a person) indicating he is lending me the money and showing his own POF a viable option during my offer?

I just got the first water bill that seems to indicate a pretty significant leak (or error) and I'm not sure what my next step is.

FHA and VA financing are not the bank's favorite avenues for cash because of multiple factors but primarily because, VA won't allow the buyer to pay for a lot of closing costs and for VA and FHA, they want that property in turn key condition.

Any suggestions would be welcomed, let me know if I'm missing any key information.

As a newer investor, I sometimes feel like I have no idea how to manage the risks of Section 8, its only for the pro's.What are the keys to managing the risks that come with Section 8 vs. other more conventional tenants in your opinion?

The key is reinvesting the cash flow back into the business to spur more growth!

A glut in land will force land prices down and make it a hell of a lot easier to build new buildings.Since I would rather make my money from value add or development than turn key investing I don't see the problem here.

There are a lot of things that count as indicators for economic status, but Vegas room rates are about as ridiculous a stretch as I've ever heard.  

At this point, your documentation will be key.