The question is ... is this bubble sustainable and the cyclical trend continue to rise 5 years forward and 2 years back as the average w2 employee can no longer afford a home in socal and the bay area?

But when I turned this around to ask about the future when I needed to sustain and scale my business, wouldn't I be competing against fellow graduates and future apprentices in the area, how could I continue making money then? 

I expect the lender to issue me a 1099 for the loss since it is not my primary residence and lender recourse on the loan.But…The same home was purchased for 204K and 30K was put into it so the loss sustained by me on the investment property will be around 135K.

(The Why is more important than the Goal).Goal:  To invest in Investment Real Estate using a buy and hold strategy.My Why:  So that I can generate Predictable, Sustainable Income that will allow me to retire (I'm 65 now)  and live at a HIGH standard of living with no fear of running out of money during my lifetime.Once we have this they we ask ourself which property should I buy?  

And, there are $22B projects under construction, which will create thousands of additional jobs.A population growing at a sustainable rate (2.5% to 3%), limited land for expansion, and good-paying jobs will keep Las Vegas rents and prices increasing for the foreseeable future.Other factors will continue Las Vegas’ growth for the foreseeable future that I will not go into here.A question I frequently get concerns income reliability - the connection between jobs and tourism.

This is just to SUSTAIN and not THRIVE.

I went with a Commercial Load because 1) it was a 6-unit MFU and 2) the bank was assured the property would sustain the loan (The DSCR is the assurance).It's annoying to provide 'financial data' every year - - B I G deal. 

I can assure you that in the area I am investing in, new apartment complexes will not be built...these are here to stay, just like the other ones that are surrounding....I'm in an area that's not going to be developing anything new but it will be a sustainable area given the university which is 3 miles down the street, the golf course (where the PGA is held) and of course a few larger companies that are there to stay (Goodyear, etc...)

A friend of mine says he likes to do REI in B neighborhoods in order to do it sustainably and hope that that activity will trickle down into lower end neighborhoods.

Pro-tip #3: Make sure your market size is big enough (at least 200 targets) and that you can sustain a campaign for at least 4+ mailings.