Due to Las Vegas eviction laws we believe that tenants in Las Vegas pay their bills in the following order: car payment, rent and, if they have leftover funds, credit cards. 

For instance, many Americans (prior crisis, but some still) pour the vast amount of their net worth into a primary residence: Risky.Some people invest only in domestic blue chip companies: Risky.

It's a brother in law deal as are most of the agencies.

I also see some great deals that go for 30-50% of the ARV.I've spent the last few months educating myself on the laws, rules, and processes of tax deed sales and feel like I know the system pretty well. 

My brother in law is an Attorney so I can have him review afterwards. 

Over all not a bad plan, but you need to stress test it and see if it holds up to Murphy's Law.

Where I think this deal starts to look less attractive is:There's no depreciation on land (I don't know Canadian tax laws, so take this with a grain of salt). 

It depends what you need a real estate attorney for.Forming your company, preparing Operating Agreement, etc. ... you can hire CA counsel.Dealing with local law, leases, tenants, legal issues and evictions ... need UT counsel.

I'm wondering if this could present problems if say the owner of the "front house" is not friendly towards the new owner (potentially myself) or if the front house is sold at some point and again the new owners want to cut off access.I wonder if they can legally cut off access or would they be required by law to provide access?

Hello, my in-laws are thinking about purchasing an investment property in Euless,TX and I have been calling multiple property management places in that area to see what current rental rates are for what they are looking at.