We are an inflationary environment, new builds let you save out on capex issues, two year rents do keep you locked in, you got a great interest.

Credit score is a must in most if not all lending situations if you want to get out of high interest borrowing environment.. you want to be able to walk on a car lot get the 0% financing and walk off with your new car in 2 hours after haggling price. etc etc.HML on the west coast definetatly look at credit and income just like banks.

If you lived in apartments growing up you may be used to that environment.

It would seem like from the limited people I had a chance to speak with in Vegas that Multifamily units do not work well in this environment, but SFR do better for rent and resale. 

MarcosSo in otherwords your asking what price to come in as since the condition of the home/environment does not allow such normal appraisal?

Stable political environment.

So it's not just necessarily what they are learning, but the practice of being in the learning environment (also social) that keeps them spending money on "education".

What happens to the lending environment when states change to HOA liens being superior?

You do want to look at your resale numbers to determine your offer price and want to start with a fairly low offer, (knowing that it is more difficult to negotiate discounts with the banks in this low inventory environment) and get it under contract with the homeowner.

Seems you are looking to enter the game as a flipper, where deals that pencil are increasingly hard to find due the low inventory, high demand environment of the strong seller's market we find ourselves in, albeit nationwide.