The 1st SFH that I bought was after the market crash and I heard all these good deals being had.

According to the linked Federal Reserve study, Las Vegas per capita income has been slowly increasing (except during the 2008 to 2011 crash) and projections are that the increases will continue.The Next Economic Crash - The crash of 2008 hit most of America hard, especially Las Vegas.

Like Dave Foster stated, appraisers all over are gun shy because they were a big part of the 2008 crash.  

I do know this area reasonably well, as I have lived here for almost 11 years (I am much more knowledgeable about Fort Worth and its suburbs than Dallas, however), and I have watched this area go from an almost backwater right before the crash to a virtual boomtown since.

Account Closed  the other issue here is Portlandia has all this high density no parking zoning along public transportation routes.. now a lot of it has been built since the crash.. but little will be built now and there ya go grand design to cram everyone into living with no cars is not going to work since developers are not going to build out these areas. its funny Porltandia lead the nation in getting things going when they gave the 10 year tax breaks in the Pearl and other areas of the city to stimulate growth and it did big time.now they are going backwardsMaybe Carls  container homes will be the answer  :)  container villages.

Reminds me of what led up to the 2008 crash.

What happened in the Detroit area is that the housing prices crashed before the rest of the country.

[Invest locally]Pros: Close to investments, knowledge of markets, greater control, potentially depressed prices from market crash that can rebound strongly in 5-10 yearsCons: No cash flow, only benefit is building equity, lack of diversifying[Invest long-distance]Pros: Cash flow, diversifying possibilities, potentially depressed prices from market crashCons: Virtually no control, lack of knowledge of market, distance from investments, potential unmitigated nightmaresAfter going over the options, I'm not really sure which one I would choose.

But after the run up we had and the crash I think it's still a pretty good time to buy if you are willing to be a landlord for a few years.

He also used to rehab and flip before the market crashed, although the one strike against him is that he found himself holding the bag at that point.