Hi Angelo - I don't have a specific answer for you, but the biggest thing I would say is that above all, be authentic and true to who you are in the way you let a seller know who you are.

In my area most buyers pay cash over pay for a duplex for 1M, They gamble on potential rental increase and appreciation.

I love Las Vegas, not even for the gambling but it just offer so. much.

Convention visitors is down 3% (-100k people)Vacation visitors is down 1% (-180k people)Gambling profits up 4.5% (+ $100 million to $3.3billion)The average room rate is actually up (barely) although the revpar is down barely. 

I think Toscano has been on the market for multiple years and it is unfortunate if they still have "new" homes for sale.San Luis is a great place to live, but you will be taking a sizable gamble if you are looking for future appreciation in the near term.  

@Andrew Brown,That's a financial decision you'll have to make for yourself.Depending on appreciation is speculation (read: gambling), not "investing".

The gamble with a rehab is that you will sell it for a certain price when you complete the work.

If you don't have much equity and the house doesn't cash flow, you are then really banking on appreciation, and that's a gamble in my opinion.

Typically, high-risk trades that are almost akin to gambling fall under the umbrella of speculation, whereas lower-risk investments based on fundamentals and analysis fall into the category of investing.

This is a bit of a gamble though.