A little patience and properties often hit the market with lots of hidden value opportunities 

waiting and saving capital to purchase when the markets better?  

I am starting out in my real estate investing journey and was hoping to see if fellow investors recommend pursuing short sales, banked owned properties and foreclosures, versus pursuing typical MLS properties or off market properties with distressed properties or sellers.  

I'm focused on building up the down payment now and trying to identify a good market(s) to invest in at the moment.

I'm glad to hear ou say "invest in my local market".

Which market is the best?"

If the drywall is in good condition overall and just needs cleaning and paint, this is probably you're most practical path forward. 

I would love to talk to someone that has experience on this market and could tell me a bit more about it. 

As is typical with government intervention into the public markets, the intentions of this policy achieve the opposite.

For a more in-depth view of the Las Vegas investment market, DM me for a link to our blog site which contains more information on investing in general and investing in Las Vegas in particular.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes all property types and price ranges.We're observing the typical seasonal slowdown in prices and inventory that starts in July because fewer people are buying properties and moving as school resumes in mid-August.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had a slight drop MoM ($1.19/SF vs $1.20/SF).