--Seven-years after his crises era bet, billionaire Carl Icahn has sold an unfinished Las Vegas casino for $600 million.

Beats going to the casino.

If you are out of fannie/freddie slots and only have a few properties that you haven't refinanced yet, why not roll the remaining properties into a blanket and cash out to max LTV. 

Thereby opening up more slots for you to buy your next property or refinance the property using a Fannie loan.

How well is Atlantic City even holding up economically with the casino issues of the past few years?

We have 12 casinos which bring people in all year.  

There is also a new casino coming to the city less than 2 years  from now that will bring 1000 permanent jobs. 

Which is basically the turn key business.Joe Bertolino  Agreed  there is so much more to CA OR WA NV ID UT   than just 20 miles from the oceans. in all these areas if you look just a little bit you can buy properties that will match mid west or deep south.. but generally not SFR's generally you need to buy units.. which is really a smarter move for many use up your loan slot for 4 doors instead of one... use your 4 mortgages for 16 doors instead of two. that type of thing.  

What are your thoughts about purchasing parking slots/spaces in commercial areas? 

That may not happen soon.I believe the stock market is a casino to those who do not take advantage of market timing, granted it is still a risk because it could theoretically go down to zero, but we all know that is not going to happen since our retirement plans are predominately invested in equities.