They're not just going to sit on it and wait, can't afford to. 

I interviewed another Syndication and appreciated the fact they said 1) They never lost any of their investors money 2) They aren't currently entertaining deals until they are more solid on the market's direction.  3) their Exits are designed much shorter than ODCs.  

Quote from @Alvin Sylvain: I don't know of any special protection afforded you by placing the property in an LLC.

That said, a condo or apartment just outside the Strip could still work if it offers something unique, like better pricing, quieter surroundings, or extra amenities.Personally, I’m more into staying at hotels and resorts in the U.S. because they usually provide a full experience with pools, restaurants, and entertainment.

I mean, Texas is still a great state because of the amount of jobs, the pay that comes with those jobs, and the cost of housing here as opposed to other places around the country.However, that key word "affordable" actually has a definition to it - and that's 30% of the income shouldn't go towards housing. 

can you afford it?  

The fact that our current rate is only 3% doesn't help the refi situation, as we probably would not be able to afford (or would at least struggle to afford) the payment on the new mortgage with the higher rate and principal.I think the best way to max cash flow would be with a small multifamily that needs moderate rehab.

I ultimately decided to look out of state where the price points were more affordable and the numbers made sense + landlord laws are more friendly. 

But both should only invest what they can afford to lose.  

As home prices or interest rates increase, fewer people can afford to purchase homes, forcing them to rent.