My observation only, but in my opinion your letter/e-mail was far too detailed.

Tenants talk, observe, and are quick to cry fowl.    

Hello @Chad S.Before I respond to your observation on Las Vegas multi-family properties I want to state the three criteria by which I think every investment property should be vetted: Sustained profitability - The property must generate a positive cash flow today and into the foreseeable future.Likely to appreciate over time - You would never buy a property just for appreciation but appreciation is very desirable.

Observe your local disclosure requirements, otherwise just another sale.

Today I will be going to my first tax foreclosure auction just to observe, take notes and hopefully network.I am not to sure what to expect, but I am really excited . 

So the above is just some of my observation of foreclosures ---- you would always be better being arm's length with people who are about to lose their home, that is have an agent represent you.

@Su Soma from what I was told you can go to observe for nothing.

@Dan GrassiThose are some observations that I was based:1.

Here's also a New and Observer article about some of the area history.

Some recent pundits observations say that Sacramento is set to see lots of growth over the next year.