Deep knowledge of tenant segments and their behaviors is essential, and this expertise comes only through a good property manager.

Which will inflate market prices int he segment seemingly over-night.

So there are distinct rules for North Vegas, City of LV, Clark County and Henderson.No homes for sale in Henderson either-there you can have up to 5 homes per person, no bedroom limit,no need to occupy.

I would make one distinction and that’s between an expense and a capital improvement. 

Property management teams should have departments for each segment of their business that know exactly what there function is and have employees that focus solely on that part of the business to best serve their clients.

@Jonah Gunalda you fit the profile of a large segment of the passive investing community--someone who has a good income from something they are really good at, and would like exposure to real estate in their investment portfolio without distracting them from that very vocation that put them in the position to make such an investment in the first place.There probably isn't a "typical" profile of folks who do not and would not invest in syndications. 

@Avishai Avraham I suggest calling the housing authority in your area (they are often segmented by County) and asking them your question. 

What I did was trying to learn as much as I can regarding the market segment and be able to talk comfortably NOI and cap rates etc.

They are two distinctly different things and that's what trips up most lower income housing investors. 

Occasionally you might see commercial real estate companies put out analysis for different markets and different commercial segments.