Las Vegas or Arizona?

[Chris F.]

Being in California I'm of course looking elsewhere to invest, and I've considered vegas as one option. The other option I've looked at is Arizona- Phoenix- maybe Chandler area, which seems to be up and coming. Anyone else investing in Arizona? Any potential there?

I'm looking to do buy and hold, providing the cashflow is there, but I'm trying to get a feel for the market- vacancies, employment,etc-anyone?