He may provide oversight as your brokerage would be providing dual-agency, but it is your duty to represent the seller as their fiduciary. 

If it were an exclusive buyers agreement and insisted on 3% with no contingencies, that is a lot more rare and broker-sided but from the terms you've provided, it appears he's just trying to protect himself from timewasters.

Partnering with a local Las Vegas expert, like a realtor or property manager, can provide valuable insights.

If not, you may need to use their security deposit for the repairs, once they are out.

Umbrella Insurance: An umbrella insurance policy provides an extra layer of liability protection beyond the limits of your landlord insurance policy.

Emphasize your strong rental history and present business financials to showcase profitability trends and future projections, increasing your chances of securing the necessary funding.

I've met partners, lenders, contractors, essentially my team and its been incredibly valuable.I also recommend finding someone in your market doing what you want to be doing at a larger scale and figuring out a way that you can provide them value.

Unfortunately I have only been at my current w2 job for 1 year and I’m hoping this won’t prevent me from securing a loan in the next several months.

Most employees want safety and security, so, I put most of my staff on salary with unlimited time away.

By focusing on strategic locations, sustainability, and market demand, investors can leverage new construction to secure their financial future—just as Buffett does.