Cities with Apartment Deals

[Stephen Masek]

We have 14 rental houses worth a total of $2,000,000 owned outright and $200,000 in cash.  We are considering selling all of them and buying or building an apartment building this year.  Many have appreciated significantly, so return on our original investment is good, but return on current value is not so good. 

Where are you finding good apartment deals?  Las Vegas?   Perhaps I should ask if you are finding good apartment deals, as we've not seen any.