I feel like there is a housing shortage, and it should be pretty easy to get a good renter and the right price, but I guess being new to this I'm a bit worried that I may end up buying a property and it will sit empty due to either people not needing rent or I will rent it but the price will be low that I either am just making the payment or it costs me money to rent it.Thoughts?

The truth is, we have no idea what's going to happen or how Vegas is going to adjust to water usage.The thing I hang my hat on is knowing that there are literally billions of dollars here in gaming, real estate, sports, hotels, etc - those big guys aren't going to go down without a fight if Vegas is in a dire water shortage in our lifetime.

Its in close proximity of Austin and housing is in major shortage. 

I know we've been consistently less than 1000, but only 500 would be a real  housing shortage crisis here.  

Today for the 3rd time, rent was either late or short and my property manger just deposited the money into my account without saying anything to me about the shortage.  

The good news is that builders are responding to the inventory shortage, with the number of single-family homes currently under construction at the highest levels since 2007.

So there has also been a huge staffing shortage in the field as well. 

The waiter "Excuse me, there is a shortage of T-bone steaks on the menu". 

Probably not.House hacking will be hard due to the shortage of available 2-4 unit properties and their extremely high cost.

Just what you are experience there is a shortage of housing and although rents have been rising it is very difficult to find a property that will generate the 1% rent vs.