Minimum needed to live the dream

lol

I just bought a condo for cash in Summerlin as well. Will be there in 3 weeks. I'm lucky the company that I work for will allow me to work from home. I'll start with a modest bankroll and betting units and try to slowly build it up as I won't need this money to live on at all. I'll be setting up an account at the Red Rock and bet online through their system. Looks like they recently revised their comps too, giving credit for each $1 wagered. I'll have to check the fine print. Wish I could have done this before baseball started but that's ok, hockey is right around the corner (no football or hoops for me).

NYSlim, I think the Suncoast only has phone in service, not internet. Please let me know if that has changed as I'd like to bet some hockey at Suncoast using the +puck line (Red Rock/Station casinos don't offer it).

Lifetime fitness on Charleston is very pricey. Should check out LV Athletic club instead for about 1/4 of the price. Can't hurt to look.

after property tax, association fees, downtime(one month out of a year) and basic maintenance you are probably looking at a net figure of about $500.00. and if the rental market is bad then you maybe forced to rent to sub 700 FICO's who may BK out on you in which you will lose a minimum of six months rent and associated costs. the people that SIM and Shadow are referring to have so much money that they can spread the risk and the return is much greater than what bonds are currently offering.

if you can get a cap rate of seven or better than you should be okay but i would go with SFR's as you tend to have more stable tenants and less downtime.

In the community where I bought a 1590 sq foot condo should fetch 1350-1500 a month. Built in 2006.