Thanks for the assumption I'm committing mortgage fraud.

If my assumption is correct.

No one characteristic (or missing characteristic) is a dealbreaker as far as an investment goes - it just needs to be factored into the risk you wish to take on and the return you're expecting.Other thoughtsWithout seeing your calculations or assumptions, it's hard to say if you're overestimating/underestimating expenses - can you share your thoughts?

How much control does LL have over Assignment/Assumption of Lease?

@Michael Plaks “it is not rented yet” hopefully means it is held out for rent and time/money was spent to advertise it as such but I don’t want to make assumptions.

With no experience (I’m going off the information you provided about yourself and making some assumptions), no track record, and no stable of buyers, and little expertise in property valuation, why would any quasi knowledgeable seller agree to entering a contract with you?  

I asked if there is a buy out and she made me wait 5 weeks for a figure" 4, 300" saying it would be unfair to their staff for the company to lose their commission from our unit since their annual projections operate on the assumptions based on the number of units they manage, yearly blah, blah, blah.After that exchange, radio silence.... no bookings.

This is less of an issue with multi and a higher v&C allowance in your stress test and higher projected rate assumption will address this risk..

Trulia, Zillow and other listing sites often have comparables, but it doesn't seem to affect listing prices.Overall, my assumption of Las Vegas market is that there's a lot of cheap houses compared to other states, but the prices are now starting to increase.

So based on that assumption let me tell you what you are "potentially" in for.