Will a casino fix things?

There are pockets of good areas, east of 95 freeway near Summerlin 450-550k, Spring Valley near Chinatown 450-500k, and behind MGM casino off Maryland/Tropicana (350-400k). 

I finance these type of projects and I am still seeing cap rates in that range even though yields are US treasuries are starting to push into that range.

These loans are fixed long-term (5,7,10,12) loans with 30 year amortization at about 3.00% above the corresponding treasury rate.  

You would have better odd's going to a casino and putting everything you have on black at the roulette table than you do of having a good outcome of a rental property bought via HML. 

The Consumer Financial Protection Bureau ("CFPB"), through its sponsors in the Treasury Department, and the Conference of State Bank Supervisors ("CSBS") signed a memorandum of understanding ("MOU") relating to information sharing and coordinated regulatory efforts.

If owning rental property is part of your long-term strategy of creating passive wealth - and there are other vehicles, from inflation-eating CDs and treasury notes to all-out-financial warfare Third world financial currency - one of your biggest risks is having enough money to get you through the 5-30 years that you will be too old to make much/any money through your labor.

The rate is locked for 5 years, at the five year mark the rate adjusts to whatever the five year treasury rate is (plus whatever % they add).

I'm an Enrolled agent, I'm sure Keith knows what that means, so for everyone else, That means I'm licensed by the Department of Treasury in taxation.

My banker suggested HELOC loans are often pegged to treasury rate.