If you were looking to hold, you MIGHT be able to pull off something closer to those numbers but you'll see slow appreciation and most likely be in a C-class area, which means more pro-active management. 

Would like to pull money out of that home for a downpayment on another home.

How are y'all going about finding trustworthy, like-minded partners in the LV? 

I would like to pull the equity so I can continue building my portfolio.

You're buying a 4-unit which really is almost like buying 4 separate properties: one personal residence and 3 rentals.

A good broker will know exactly what an acceptable loan smells like for a lender. 

eXp is trying something as well almost like their own MLS.

I've never seen a city transform like this.  

One day I would like to own property within 20 minutes of a crag.

Remember years ago an owner didn't like our pricing, so found their own reject of CL.