@Russell BrazilThe seller will not be able to repair.

I will renovate soon Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I can't wait to purchase our first investment property as I know that is when we will really start learning how it all works. 

That will allow you to make a more informed decision about how you want to have the LLC set up for your unique situation.

The agent will handle all the issues with acquiring a tenant and then hand them over to you to collect the rent.  

I am looking for a house locate in a growing area for potential good tenants ( I will manage the property myself).

Just go to the Vegas auctions you will see it every day.. there is always some investor that will pay more than you will .. most of those folks are just looking for rentals.. some are not clued into values as you suspect but many just have other criteria that is not your criteria.. and forgeta bout it when someone wants to live in the house no one will beat them ..

Will get us a good bump in rents and added mini splits HVAC and removed the old in wall heaters that weren't very efficient. 

If you do end up working with him please tell him that you chatted with me, he will be glad to hear it.

You’re simply conceding that negotiation to the seller.When Not to Use ResolutionsFirst, I should note that when buying a fixer “as is,” it’s expected there will be no such resolution.