Need Some Advice On Potentially My First Rental

[Alberto Zenemij]

25yo here living in LA and think im ready to invest on my first Rental Property!

Just wondering what you guys think of the housing market in Las Vegas NV? everything seems pretty cheap to me compared to LA! with decent property going from 100k to 250k.. & also realized the minimum wage there is going from 7 to $12 dollars in a couple of years (2024).. is it a good idea to lock in a price there right now? Or should I keep saving and hope the market bubble in LA pops and invest then...

I'm also aware that it's not good idea to invest out of state on my first rental but I know a few people there that happen to work doing maintenance and someone in construction..