Our business is in Las Vegas, which is in the Mojave Desert, which determined the construction materials.

Don,Just curious why you think a company based in Las Vegas would be a warning sign ??? 

In Las Vegas, that segment is families with young children earning $60,000–$85,000 a year.

Multifamily units typically house singles or couples without children, who stay less than a year in markets like Las Vegas.

Think Phoenix, Austin, Tampa, Las Vegas. . .the same markets that overheated during the pandemic surge.For borrowers with low down payments and rapid appreciation expectations, a 3–5% dip in value can erase equity fast.Negative equity isn’t a nationwide story, it’s a localized one.

The Casino is just down at the next exit and new developments are in works at that location as well.  

Louis - Rent: $1,295, DOM: 59, MoM DOM: 9%, YoY DOM: 22% MontanaAll - Rent: $1,950, DOM: 50, MoM DOM: 28%, YoY DOM: 39% NebraskaAll - Rent: $1,400, DOM: 40, MoM DOM: 3%, YoY DOM: -9% NevadaLas Vegas - Rent: $1,995, DOM: 48, MoM DOM: 12%, YoY DOM: 17% New HampshireAll - Rent: $2,195, DOM: 66, MoM DOM: 8%, YoY DOM: -16% New JerseyNewark - Rent: $2,100, DOM: 62, MoM DOM: 22%, YoY DOM: 82% New MexicoAll - Rent: $1,750, DOM: 66, MoM DOM: 47%, YoY DOM: 61% New YorkNew York - Rent: $3,700, DOM: 63, MoM DOM: 12%, YoY DOM: 22% North CarolinaCharlotte - Rent: $1,973, DOM: 55, MoM DOM: 10%, YoY DOM: -2% Raleigh - Rent: $1,845, DOM: 59, MoM DOM: 4%, YoY DOM: -11% North DakotaAll - Rent: $1,100, DOM: 64, MoM DOM: 3%, YoY DOM: -10% OhioCincinnati - Rent: $1,400, DOM: 58, MoM DOM: 10%, YoY DOM: 35% Cleveland - Rent: $1,200, DOM: 71, MoM DOM: 8%, YoY DOM: 39% Columbus - Rent: $1,500, DOM: 66, MoM DOM: 11%, YoY DOM: 20% OklahomaOklahoma City - Rent: $1,450, DOM: 49, MoM DOM: 14%, YoY DOM: 17% OregonPortland - Rent: $1,795, DOM: 51, MoM DOM: 21%, YoY DOM: 34% PennsylvaniaPhiladelphia - Rent: $1,600, DOM: 67, MoM DOM: 12%, YoY DOM: 24% Pittsburg - Rent: $1,500, DOM: 69, MoM DOM: 8%, YoY DOM: 30% Rhode IslandProvidence - Rent: $2,195, DOM: 56, MoM DOM: 19%, YoY DOM: 31% South CarolinaAll - Rent: $1,825, DOM: 61, MoM DOM: 13%, YoY DOM: 27% South DakotaAll - Rent: $1,250, DOM: 51, MoM DOM: 16%, YoY DOM: 28% TennesseeNashville - Rent: $2,240, DOM: 54, MoM DOM: 8%, YoY DOM: 11% TexasAustin - Rent: $1,995, DOM: 64, MoM DOM: 12%, YoY DOM: 8% Dallas - Rent: $1,975, DOM: 87, MoM DOM: 7%, YoY DOM: 28% Houston - Rent: $1,900, DOM: 58, MoM DOM: 5%, YoY DOM: 16% San Antonio - Rent: $1,650, DOM: 67, MoM DOM: 8%, YoY DOM: 22% UtahSalt Lake City - Rent: $1,550, DOM: 44, MoM DOM: 5%, YoY DOM: 16% VermontAll - Rent: $2,400, DOM: 64, MoM DOM: 10%, YoY DOM: 7% VirginiaRichmond - Rent: $1,650, DOM: 57, MoM DOM: 39%, YoY DOM: 43% WashingtonSeattle - Rent: $2,200, DOM: 50, MoM DOM: 19%, YoY DOM: 25% Washington DCWashington DC - Rent: $2,500, DOM: 63, MoM DOM: 7%, YoY DOM: 17% West VirginiaAll - Rent: $1,200, DOM: 53, MoM DOM: 6%, YoY DOM: 10% WisconsinMilwaukee - Rent: $1,295, DOM: 48, MoM DOM: 2%, YoY DOM: 22% WyomingCheyenne - Rent: $1,395, DOM: 29, MoM DOM: 29%, YoY DOM: -22%Data source: Zillow This is good content that you posted.

It’s October, and time for another Las Vegas update.

I also have some people focusing on lending for construction of Resorts, casinos, villas, beach access/recreation centers/amusement parks, if any of that.Can also do a share of mixed use, or if you have something in your sights that's NNN, can also work off that.

Certainly risky but being from vegas i just don't have the capital required to play here.