I think in time you may see your forecast is a little optimistic.

Being optimistic about a market is awesome, but realize the change happens almost overnight and is often tied to a catastrophic event.

The contractors who have come out so far have estimated 1-3 days but they might be too optimistic.

Your 8 CAP calculation is very optimistic.

I would agree that 50k is probably pretty optimistic if the house is being called a tear down no matter what your intention is for it. think for just one minute the cost of remodeling even one kitchen and bath and then times 3.

You can still come across some 6-8% cap listings but thpically the sellers are being optimistic on the expense side.  

But now, not only would I be a new homeowner with no knowledge of how a home functions, but I would also be a new landlord... thats seems optimistic to me.

This would factor into my decision of buying a buy-and-hold.I still need to run the numbers on potential properties on the market using the BPs rental property calculator but I'm feeling optimistic about buying a rental property in Lancaster, hopefully a 4-plex. 

Another option we are considering is purchasing a rental income property in another market (Los Angeles, Santa Cruz, New York, Denver) and using this income to pay rent for a house for ourselves in Vegas.While we love Vegas and fully intend to settle down there, I am concerned about the future value of a home or homes that we do purchase there with all the uncertainty about water supply.I do understand that Las Vegas reclaims 90% of their water to put back into Lake Mead and I want to be optimistic about investing in Vegas, but I'm just really not sure if it is worthwhile to actually invest there.Any thoughts from real estate professionals on investing in Las Vegas would be much appreciated.Thank you!

Americans are optimistic about their financial futures and current situations Even with the increased optimism with the rental market, the home buying market is also filled with optimism"Renters expect that renting will stay affordable, but say they would move into a smaller rental unit to be closer to a city."