Las Vegas for buy and hold?

[Joseph Campbell]

I figured I would save everyone the Vegas/Casino puns and get right to the point. I've been looking at the Las Vegas market for SFH and multi-family buy and hold. How are you guys and gals liking the market right now for buy and hold in Vegas?

If anyone is currently working with good property management and agent/brokers can you share your experience; I'd love to connect and learn more about the market.

[Phillip Dwyer]

@Blair Poelman one could also argue that 2011 prices were way under valued.  Given all of the population growth projections for the Vegas metro, I think it's hard to call this the top of the market now.  Still, cap rates are super low, so I see your point.