As you build your rental portfolio, it’s worth putting some basic asset protection steps in place from the beginning.

Quote from @David Switzer: I'll give some basic on the deal:7000 SF building, 3 floors, 2 apartments above 1 commercial.They are 3-bed 1 bath apartments, paying $3000/month.

Tile floors, basic cabinets, standard fixtures.

That being said, you would value it as a stream of cashflows using a discount rate (basic DCF modeling), just like any other cashflow stream.

In sum this tenant in general lacks awareness and seems to cause a lot of issues that could be avoided with some sort of basic effort when operating equipment.That said, appliance repair /replacement is my responsibility as per lease.  

I called the agent to ask why and he basically said it was rude to ask 3% and that I should have asked for 0.

At a high level, many investors choose to separate properties into different LLCs rather than holding everything in one entity.The basic idea is risk containment.

This is basically just acquiring a property and creating a partnership, or LLC, that would be acceptable to your family member.

The local county government and the various boards (BAR, BZA, etc), have literally added about $60k to the cost of a basic addition so far.

The median $/SF has remained in a tight band of $1.16/SF and $1.20/SF for the past 13 months.Rentals - Availability by MonthThe number of homes for rent continues to decrease MoM, which is unusual for the time of year (it usually rises during the fall).Rentals - Median Time to RentMedian days to rent increased moderately MoM, conforming to the seasonal trend.Rentals - Months of SupplyRental inventory increased MoM, now at almost 1.8 months, still a landlord’s market.Sales - Months of SupplySales inventory has remained in a tight band around 2.5 months for the last several months, indicating a consistent seller’s market.Sales - Median $/SF by MonthPrices were basically flat MoM, a bit unusual for the time of year (it usually drops in the fall).Why invest in Las Vegas?