Of the large number of clients we deal with, only 3 or 4 live in Las Vegas.

Very interesting map @Mike Dymski, what's drawing so many people to the Las Vegas and Utah area?  

:)  I am mostly joking about this, but it came up on another thread here the other day, speaking more of Las Vegas, but the issues are the same.I do believe both have their pros and cons, but in reality, like all investing, it comes down to submarkets within each.  

So, whenever the cap rate is so low, they're definitely making their $$$$  from the selling.Now, if you're an out of state or a novice investor and anything goes wrong (and it will) at these low cap rates, your chances to make money bidding on football in Las Vegas are better.       

Louis, MO-IL MSA Charlotte-Concord-Gastonia, NC-SC MSA Orlando-Kissimmee-Sanford, FL MSA San Antonio-New Braunfels, TX MSA Portland-Vancouver-Hillsboro, OR-WA MSA Pittsburgh, PA MSA Sacramento–Roseville–Arden-Arcade, CA MSA Las Vegas-Henderson-Paradise, NV MSA Cincinnati, OH-KY-IN MSA Kansas City, MO-KS MSA Austin-Round Rock, TX MSA Columbus, OH MSA Cleveland-Elyria, OH MSA Indianapolis-Carmel-Anderson, IN MSA San Jose-Sunnyvale-Santa Clara, CA MSA Nashville-Davidson–Murfreesboro–Franklin, TN MSA Virginia Beach-Norfolk-Newport News, VA-NC MSA Providence-Warwick, RI-MA MSA Milwaukee-Waukesha-West Allis, WI MSA Jacksonville, FL MSA Oklahoma City, OK MSA Memphis, TN-MS-AR MSA Raleigh-Cary, NC MSA Richmond, VA MSA Louisville–Jefferson County, KY-IN MSA New Orleans-Metairie, LA MSA Hartford-West Hartford-East Hartford, CT MSA Salt Lake City, UT MSA Birmingham-Hoover, AL MSA Buffalo-Cheektowaga-Niagara Falls, NY MSA Rochester, NY MSA Grand Rapids-Wyoming, MI MSA Tucson, AZ MSA Tulsa, OK MSA Fresno, CA MSA Urban Honolulu, HI MSA Bridgeport-Stamford-Norwalk, CT MSA Worcester, MA-CT MSAOmaha-Council Bluffs, NE-IA MSA Albuquerque, NM MSA Greenville-Anderson-Mauldin, SC MSA Bakersfield, CA MSA Albany-Schenectady-Troy, NY MSA Knoxville, TN MSA McAllen-Edinburg-Mission, TX MSA New Haven-Milford, CT MSA Oxnard-Thousand Oaks-Ventura, CA MSA El Paso, TX MSA Allentown-Bethlehem-Easton, PA-NJ MSA Baton Rouge, LA MSA Columbia, SC MSA North Port-Sarasota-Bradenton, FL MSA Dayton, OH MSA Charleston-North Charleston, SC MSA Greensboro-High Point, NC MSA Stockton-Lodi, CA MSA Cape Coral-Fort Myers, FL MSA Little Rock-North Little Rock-Conway, AR MSA Colorado Springs, CO MSA Boise City, ID MSA Akron, OH MSA Lakeland-Winter Haven, FL MSA Winston-Salem, NC MSA Ogden-Clearfield, UT MSA Syracuse, NY MSA Madison, WI MSA Deltona-Daytona Beach-Ormond Beach, FL MSA Des Moines-West Des Moines, IA MSA Wichita, KS MSA Springfield, MA MSA Provo-Orem, UT MSA Toledo, OH MSA Augusta-Richmond County, GA-SC MSA Palm Bay-Melbourne-Titusville, FL MSA Jackson, MS MSA Harrisburg-Carlisle, PA MSA Durham-Chapel Hill, NC MSA Spokane-Spokane Valley, WA MSA Chattanooga, TN-GA MSA Scranton–Wilkes-Barre–Hazleton, PA MSA

@David Marsceau I've stayed as a guest at an Airbnb in Las Vegas that was a Wyndham rental.

Do you collect a copy of their D/L as well?

I moved from there to las Vegas in 2003.

I do not know about other markets but here in Las Vegas I have not seen any rent decreases. 

I guess my greatest beef with most gurus (not all, some are actually honest and straightforward, and even offer marginally beneficial advice) is the following1- they’re dishonest in numerous ways2- completing their training in no way qualifies the student to earn money or even perform competently in real property field3- the techniques they teach are often harmful to the people their students deal with4- they unleash a horde of unprepared, unqualified, unknowledgeable, misguided and unaware newbies on an unsuspecting pool of desperate homeowners5- they sell the song that all formal education is a waste of time and money6- they never provide any audited proof that they have been successful in real estate investing7- they encourage people to pay for a mentorship plan they can’t afford by increasing the limit on their credit cards8- they create falsified accounts to post how great their program is9- their programs are packaged by professional seminar companies out of Provo, Utah or Las Vegas, Nevada10- they disparage people who have spent years accumulating the knowledge, experience and capital necessary to be successful in real estate11- SOME gurus teach techniques which are unethical, immoral and even illegal.