Even though the market is slowing down now, which is healthy!

We are a economically healthy, mid-sized cities, with high percentage of Fortune 500 companies. 

* A one-week vacation around July, and 2 or 3 weekend-getaways throughout the year to decompress* Keep family healthy throughout the year, however we can, with safe social practices* Stretch goal: buy our first no-cash-whatsoever property (OPM)* Stretch goal: Buy as many good foreclosure deals as possible with other investors, if that's a thing in 2021

To you and everyone else here, I wish you a much more profitable and healthy 2021 and beyond.

If you are already financially healthy and the few grand cost is inconsequential, i would say go for it and try it out. 

And for the builder $268 was likely fairly reasonable as they’ll still have a healthy profit on the way out.

Especially in a land locked city like Las Vegas, that is experiencing strong population and rent growth (even during the 2008 recession) - a good healthy cashflow from day one is absolutely my number one goal on any property i buy - i have substantial equity (30-60%) in all my properties and could cut my rents in half and still break even if needed, so my rationelle on this one is: my overall purchase cost are ~ the same as if i bought the same property 24% BELOW market with a 3yr 5% rental loan instead. it would likely cashflow 250 a month, compared to +/- 0 at the initial scenario. weIn both cases, i own a good condition property in an a class neighborhood, however it is fully paid off in one scenario, and i still owe more than 50% in the other after 17yrs. - from where it will cashflow WAY more than the one that still has a loan.

@Zachary SchimenzSo first off, congrats on making a move towards becoming a real estate investor and creating a soon to be healthy portfolio.

@Kai Van LeuvenSerious reply.I heard David Greene talking about how self driving cars will change the value of downtown areas but I don't believe it. sure things will change some but safe healthy urban areas will always be in demand.

Creating wealth should only be one of the components of overall healthy living and NOT the main objective.