But.. the tenants will likely suspect the next logical answer, which is the locks hadn't been reset, and will they connect it to a previous tenant and then to you.

Account Closed  mid west war zone ghetto cheap dogs like these have a way of giving those who buy them a real education in why they bought it so cheap.I mean it mine as well have been free. .who gives away and asset that can actually make money .I suspect this one will be  a learning curve..

Reading the tone of the post, and between the lines, I suspect that you had issues because you were trying to get an investment property loan from someone that mostly only does W2 white picket fence owner occupant husband/wife loans. 

I suspect it shouldn’t be long to start seeing these pop up especially in the downtown Las Vegas area.

Based on my experience, I strongly suspected there were individuals/groups who were doing such things.

If you have to lower the rent then do so. i would rather get less rent to a good applicant then high rent to a suspect one.

As a fighter pilot and investor, I suspect PCB will grow very quickly in the next 5 to 8 years!

So for me, and I suspect a lot of "small time" investors, it was based on our personal financial resources and investing objective. 

Additional info on the robbery of the elderly landlord couple mentioned above, suspects captured:Landlord robbery suspects capturedThe rent money kept at the house was in a lockbox totaling $5,000.00.

I'm not sure Mike, but I suspect Assessors use the sale price reported to the DOR to determine FMV for assessment purposes.