Vegas has some of the lowest tax's in the US.. desert climate as oppossed to thaw freeze or deep south rain clay soils thunderstorms wind etc.. grass that grows a foot in one month  LOL.. and a big one is houses that were built with modern codes most with stucco and tile roofs.. compared to houses that are 50 to 125 years old . 

In terms of locale, one thing I've not read about in the comments is climate change.

I generally understood the explanation before hand and again, ignoring property values, interest rates and micro-market climates makes sense because they cloud the math (i.e. - don't sell in a down market, don't refinance into a higher rate, etc.).

its amazing.Now to be fair.. in super cold climates your range is stunted.. 

She said it is being caused due to the increase in natural disasters being caused by climate change and even for people who live in areas not affected by this as much they are being forced to pick up the slack for those that do.

Lots of lessons learned which I wont get into now.In 2006, the climate at the time was terrible for rentals because vacancy was extremely high.  

Climate, weather, Durability, Function, Price, Aesthetics... all have pros and cons. 3. 

I'm a real estate guy so take my advice with a grain of salt.Still, here is my simple thought process and maybe you agree:Stocks go to $#@% first, then the economy, and lastly real estate.There are opportunities like this only once every 10 years or so where amateurs like you and me can do really well investing in stocks no matter what stocks we pick (As long as they are big conglomerates in the S&P 500).Diversify between 10-20 companies and hold for 12-24 months, if not longer.Sell and gain 50-100% on your invested capital.Invest in real estate (Buy and hold properties).Here is a chart of every 20% decline we have had in the last 100 years and the returns within the first 12 months when the market does finally take off and go bull.It is my belief that you can grow your wealth much quicker in this current climate by investing in stocks.However, as I mentioned above please take this blog with a grain of salt because I usually am the dumbest guy in the room and don't claim to be any smarter today then I was 12 years ago.

Are there self storage climate controlled facilities close by?

I know some experts on here expect a correction at some point, but with rental rates being near all-time highs, I think this makes the midwest extremely viable right now.Also, if you want to thing long, long term, check out some articles about climate refugee cities in the midwest and how they think they will be major factors as climate change gets worse and people start to leave areas negatively affected by climate change for a more stable climate.Truth!!