An exception would be smaller tenant paying below market rent on A quality dirt where if they went out of business we could release to a large regional or national chain at considerably higher rents and sell at a lower cap rate because of new tenant quality.

Situation in China Beginning to Stabilize—Hope for Foreign Demand: The number of new Coronavirus cases has begun to fall in China and although the toll has been devastating, there are rising hopes that they may be getting the outbreak under control at last.

Mortgage rates have been on the rise the last week.

I think the Vegas economy has changed considerably in the past 72-96 hours. 

With values rising double digit percentages each year for a lot of reasons, even as value growth slows, rents will eventually catch up.

Meanwhile prices keep rising...So I wondered.

( what goes into consideration along with the math )

This would considerably boost the return on investment as follows:Initial investment = 65,000 BRL (750 BRL rent), 2nd story apartment = 30,000 BRL (750 BRL rent).

What I do not see is that RE prices will rise significantly. 

Now that the pandemic is on the rise, I know a recession is definitely coming.