@Manda GouvionYou've got a lot of discussion here, of which I've read and scanned most of it. 

I'd guess there are still properties that get to the MLS where the #'s can work, but as you mention, they are rare and often purchased quickly.

I hear the area is growing rapidly and would like to get my feet wet again.

I am going to walk through a home in Grand Rapids, MI. 

I moved here 3 years ago from grand rapids mi. 

The thing to be sure about with the MTR model is that you account for ALL costs; i.e. furniture depreciates quite rapidly, and turnover creates a lot more repairs and maintenance costs.  

@Mike S. Can

This year is likely to be above 6%Rents increasing rapidly. 4.5% last year, and we expect it to be higher this year due to the inventory shortage.Landlord insurance on a $300,000 property is about $450/Yr.In summary, Las Vegas is a good market for investors today and should remain so for the foreseeable future.

Rentometer.com will easily do a scan and tell you the prevailing rate and show you the locations of the reference properties in an about 15 seconds.Accounting and reporting - Rentecdirect handles that as well - but whether I do it myself or have you do it, it still takes a tax accountant to file the taxes, so I don't see any savings there. 

You're not gonna convince me that the OP is carefully concealing a great talent at mounting charm offensives, for instance.The hotel brands with larger suites are coming and rapidly expanding.