I am not sure about apreciation future of Las Vegas, because 1.

@Wes Stange The property is actually not in the Orlando area, but thanks for the recommendation for the future.

Chris Gordon When analyzing an asset whichever method you use is a forecast as you cannot predict future cash flows or values.

You are basing your numbers on the future.

@Mark Tinawi - I don't think there is a person on BP who doesn't have an option on what this the best city to invest in now or in the future. 

I cannot predict the future, but there will be a corrective cycle at some point....if I would of bought in the last one mid 2000’s....could of retired 10 times over.

I'm definitely trying to find the most ideal option, and will continue to need this type of coverage for future properties.

you could be one of them in future.

The taxes should be pro-rated to the day of closing or if you are not pro-rating you should at least know what that amount is as it will reduce your potential future profit. 

The 203k is a perfect vehicle to help you start your investment portfolio- some great benefits include: - ability to use future rent as a qualifier in your debt to income ratios- ability to finance up to 6 mortgage payments if your home is deemed uninhabitable These are two really good provisions that can help investors (House hackers) to get started!