.: 3.1%Las Vegas, Nev.: 4.7%Cincinnati, Ohio: 3.4%Phoenix, Ariz.: 4.8%Cleveland, Ohio: 3.4%Minneapolis, Minn.: 3.4%HomeUnion also identified the following metros as where buyers can see the largest first-year rental returns as a landlord:Cleveland, Ohio: 11.1%Columbia, S.C.: 9.7%Birmingham, Ala.: 8.5%Pittsburgh, Pa.: 8.4%Milwaukee, Wis.: 8.4%Source: “The Best Cities to Invest in Real Estate on a Budget,” realtor.com® (July 25, 2016)

California, Las Vegas and similar locations provided fertile ground for many profitable flips, due to the extreme price drops during the housing bubble.  

We don't invest HOPING things get better.Secondly IMO, segregate your personal life (ie living in 1/2 of a duplex) from your REI life - - you will make better decisions and not need to use creative excuses why things don't work out.Once upon a time LAS VEGAS gave away means as an advertising expense - - not longer true. 

I just attended a master leasing seminar put on by Dave Tilton in Las Vegas.  

Although I have been to Las Vegas, Arizona, texas and Utah, I am currently investing new money in Kokomo, Indiana.

I had moved on form this property as I got a HUD offer approved but it still irks me that a Las Vegas listing agent who claims to have over 250 homes sold a year could be so greedy that they can risk their license for a 2.5% fee

I am wondering if anyone has experience with the Las Vegas REIA?

Another friend bought a house in Southfield for 300,000, put $90,000 into renovations and sold it for $140,000.While other areas (Las Vegas, Miami, Phoenix) had severe price declines, that as after insane price appreciation, which Michigan did not have.Just as prices get out of wack high to where there is no cash flow when investors anticipate high appreciation, the flip side is also true.  

All the bidding I've done has been in distressed areas like Stockton and Vegas.

@John Thedford Here in Las Vegas most of the deals are chase by a lot of people as well.