I was originally looking at multi-families in Las Vegas areas but they all seem to be in not-the-best areas leading to not-the-best tenants. I work in the Henderson (Green Valley) area but my wife and I had to find a rental in Vegas to live in because we couldn't find anything for less then $1,400/mo that was decent and wanted to live below our means.

We looked to buy in Henderson this last year and everything under $250k was getting snatched up and quick. I looked recently and there's quite a few listings, mostly in the older Henderson area (Foothill/Basic High zones), reducing their prices after being on the market for 2-3 months under $199k. SFR may be the way to go with rent remaining the same and home prices dropping and Henderson being a desirable area.

I'm wondering if anyone has noticed a trend of Henderson home prices dropping and if it's worth considering buy and hold or BRRRR? I've ran the numbers on a couple and they are giving 10-12% cash-on-cash return at the right buy price.

Thanks for anyone willing to help or answer!