How is the Vegas market for SFR, MF or AirBnB Investments?

[Garan Kama]

How's it going all. I currently live in Southern California in the Long Beach area and am looking to do my 1st Buy and Hold investment out of state. Ideally I'd like to do it in my own area, but the prices and cap rates warrant me looking in other cities/states where my ROI and Cap rates will be better.

I haven't gone all out and really dissected a lot of states to potentially invest in, but since Vegas is close, rated #1 for growth as per Realtor.com and now has 2 professional sports teams, I figure the upside is still in tact.

I'm looking for guidance on what zip codes I should focus on for SFR and MF either for the BRRRR strategy or turnkey for cashflow. I'd also be interested to connect with investors who have units (SFR, Condos, Apts, etc) near the strip or otherwise that have gone the AirBnB route, and how feasible a motto this is.

Are the prices in Vegas still good enough to provide good ROI and risk vs reward? Are there other states I should focus on more?