Originally posted by @Kai Hicks:Kai,Beware of well-qualified, overly demanding, pain in the *** tenants.  

You could still qualify for FHA 3.5% down and enjoy a decent cash flow.

If you have healthy reserves and a satisfactory (it's bank dependent) delinquency rate, you should have no problem qualifying for a loan.  

Get qualified and figure out the money and then buy a property that fits your criteria!

Depending on your age, you may not qualify to live there.

I don't need to call the NRED - NRS 645.030 is very clear about what qualifies you as a broker and basically states the same thing as Ohio.

They probably will require 6-12 months of seasoning too.As others mentioned, talk to local banks or a credit union to see if you qualify for a mortgage.  

Especially in the light of my being a first time real estate investor, never having done a deal or spoken to an attorney/realtor/banker/lender etc.I know, woefully under qualified, but interested.I look forward to any and all responses, thank you for your time,Lukas Katko

Does this mean you haven't been pre qualified?

A Master Lease is not a loan (as long as the master lease is not long term with a declining balance, thus a disguised lease), the net income to your IRA is not subject to debt financed income tax.NegativesTaxes: When you exercise your option to buy and simultaneously flip the building, you haven’t been in title long enough to qualify for a long-term capital gains tax treatment.