I also understand that Detroit is a particularly segmented market, with certain areas at dramatically different price points than others.

Is there segments that are doing better than others such as are 1 bedroom condos doing better than 3 bedroom townhomes? 

Homes that appeal to our target tenant segment range from $320,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandThe driver for housing demand is population growth.The average Las Vegas annual population growth is between 2% and 3%.

Rent GrowthThe chart below shows the average rent growth based on the year put into production.InventoryOver the preceding 12 months, inventory in the segment we target fell.Institutional Investor InterestMultiple institutional investors have stepped up efforts dramatically to enter the Las Vegas market.

Their goal defined our target tenant pool segment, which defined the properties we selected.Las Vegas, like every other market, is transitioning back from COVID.

If you ever want to chat more about navigating this segment or explore potential opportunities, feel free to reach out.

Most of our investors start with a 10-20 multi unit in order to establish the necessary procedures and relationships to be successful in the multi family market segment. 

Can anyone recommend a reputable outfit to perform a few cost segmentation studies in NJ?

For those that have dealt with wholesalers you know exactly what Im talking about.So sounds like a segment of real estate that does more bad then good? 

There's definitely financing segments in the multifamily bootcamp!