I'm 25 years old, my background is in the action sports industry, I grew up skateboarding, surfing, and snowboarding.

That demand along with conventions, sports teams, eSports, population growth and a lot of other things going on there right now is making me very optimistic about Vegas' future prospects.

Typically this means that if you're living modestly and have a rental empire, you will be good to go, but if you're living in a McMansion with 3 financed sports cars and have a rental empire - not so much. 

If you used it to repair your primary home it could be 2nd mortgage with limitation, if you used the proceeds for a new sports car it is personal and no deduction.

Real estate is a team sport, and there is no way any investor can do it all on their own, unless they want to burn out.Don't consider moving up, you are already at that point.  

Unless there is a sports event (e.g. 49er game) where all area motels, and hotels are full, people do not flock to these discounted housing.

@Cody Skidmore  I used to be an independent sales rep for the sporting goods industry.

Never heard of sports and networking lol.

Real Estate is a team sport.

We might be able to use it for hunting and winter sports depending on the area we buy in.- If we buy a couple thousand acres of ranch land, but want to turn it into a wind or solar farm, how quickly does the land need to become active with the actual farming of natural resources?