Yes, you can lease to your daughters and their cousins, but I would recommend you have a lease agreement signed by all parties as to your expectations of rent, payment date and term. Even though they are family, it will help mediate issues that may arise later and there will be no misunderstandings.
Check with your lender regarding using new rental income (no history or tract record) and qualifying.
I personally have 3 properties in the Las Vegas area. Great investments. I have a wonderful Las Vegas Realtor friend by the name of Michael Cabillaro who I can refer to you if you need assistance.
You could rent it out. We have very knowledgeable lenders at our office.
I'll be glad to help you. Please email me at Ludy@tarbell.com or call me at (909)731-7124
How much you will qualify for the Vegas home depends on your income, assets, credit scores and other factors. Your mortgage lender will be able to determine how much you qualify for the home in Vegas. Most likely your qualification for buying the home in Vegas will take into consideration your current mortgage payment, hazard insurance and property taxes.
Please let me know if you would like to talk more about it or if you would like to speak to a lender that I trust and know that will take care of you.