Face it, a 72% COC return is unrealistic, and if you prove me wrong (absent casino-like risk), I'll invest right alongside you!

Thanks Steven and Caesar for the input.

They just put in a new casino which could make it easier to find tenants because of all the new jobs but I would definitely be carful of what part of Springfield you invest in.

Hi Walter,Asking a more specific question might give you a better answer.Such as high end rentals, market rate rentals, section-8 rentals, etc…As well as specifying a property class.For instance if you ask what’s a good Casino to stay at, I like staying at the Wynn, but others might like staying at the Budget Suites.Just asking what’s a good casino to stay at in Las Vegas without any other specifics, will get you a whole range of answers.Good Luck!

@Rich Vogel hey actually just got a great deal on a sfr on mechanic street but more East right by the casino.

I happen to be one of those people who can walk into a casino and bet on red 10 times and have the roulette wheel land on black every time, only to hit red after I leave.  

Having a judge or jury decide the case is considered something like going to the casino from what I've been told by attorneys.That is the risk to the landlord in having a bad PM that does people wrong.

If it was an enormous deal, say a 1B ARV property (the value of a casino in Las Vegas) I could offer say 1m as an option to move it in a month.If I was really good, I wouldn't even need to use an option to tie it up especially if I had a very motivated seller.Same principles as a small deal.

one of the best investments I ever made was I bought 4 acres behind the home depot in Rohnert park in 1995.then all of a sudden they build the graton casino right across the street from me. :)  well no cash flow but I paid 27k for it  CASH and paid 300 a year in tax's and listed it for 3 million currently had one offer at 2.4.. not sure if a rental at 27k over the last 20 some years would have done better but got to love path of progress CA real estate..

If that doesn't work out, the addition of a new casino in the city has generated a great of development funds which have been directed to this neighborhood in the next couple of years should (at least in my opinion) allow the housing values to appreciate enough to keep up with inflation at the very least if I later decide that my future family's situation makes keeping the house unfeasible.