Also, it depends on what you can negotiate with the seller and lastly, it depends on your exit strategy also.Of course, in all of these, you have to do your due diligence.Let's say the rent is $1,000 a month.Seller is asking - you pay the $10K taxes in arrears plus $35K.So total asking price is $45K.I would negotiate with the seller to see if she will accept an all cash offer of $20K.

Yeah those 1 vs. 2-4 may be optimized in totally different markets.

Likely a good indication of how they will keep the property.I totally agree with the cell phone thing.

He is a total scam.  

Given my current capital/time/ability I am looking to possibly cash purchase a mix of low cost SFRs and multis (10 units or so total) in my home town Cincinnati area with cap rates in the 12 range.

I did some calculations as an example.Interest $6000 = $1800 returnDepreciation (note 1) $4800 = $1440 returnRent cash flow = $1920.for a total of $5160/yearThis looks like enough to keep you from bleeding if it's going to be a rental.Note 1: If you depreciate, you will have to pay this back if you sell the property later on.

Let's also say that you in 15 of those sessions, you win $50K total.

(totally not worried about that but want to be covered, just in case).Lastly, does that sound right about the insurance?

BTW, when I say Las Vegas, I forgot to mention, Henderson & Boulder City.

Total newbie here.