How about $240k and 1% rule in Las Vegas.

Didn’t vegas had a 40k home build in anthem/henderson, nv?

Are we not seeing the same thing happen in RE right now.Those who bought houses in Vegas @ at bottom look like geniuses- they were. 

Terry Metropolitan Area Zillow Home Annual Annual Annual Zillow Annual Value Indexiv ZHVI ZHVI Inventory Rent ZRI (ZHVI) Change (%) Change ($) Change Index Change (ZRI) United States $203,400 6.50% $12,500 -11.70% $1,432 2.20% New York, NY $426,100 7.10% $28,200 -16.80% $2,393 0.50% Los Angeles-Long Beach-Anaheim, CA $615,800 5.40% $31,600 -23.20% $2,720 4.40% Chicago, IL $212,900 5.30% $10,800 -9.30% $1,651 1.00% Dallas-Fort Worth, TX $217,100 9.10% $18,100 28.40% $1,596 3.00% Philadelphia, PA $219,000 3.00% $ 6,400 -16.10% $1,578 0.40% Houston, TX $183,300 4.60% $ 8,000 2.80% $1,532 -2.00% Washington, DC $384,700 2.40% $ 9,000 -10.70% $2,133 0.70% Miami-Fort Lauderdale, FL $259,200 6.80% $16,400 -0.90% $1,848 -1.50% Atlanta, GA $182,200 6.70% $11,400 -11.60% $1,379 4.30% Boston, MA $432,300 6.50% $26,400 -19.10% $2,365 2.20% San Francisco, CA $871,300 6.00% $49,500 -32.00% $3,379 -0.10% Detroit, MI $142,700 7.60% $10,100 -16.90% $1,181 1.40% Riverside, CA $335,200 6.00% $19,100 -20.00% $1,840 6.20% Phoenix, AZ $242,100 6.50% $14,800 -12.60% $1,344 3.70% Seattle, WA $457,700 11.70% $48,100 -23.60% $2,198 5.60% Minneapolis-St Paul, MN $246,200 5.50% $12,800 -18.40% $1,623 5.30% San Diego, CA $555,800 6.20% $32,500 -31.00% $2,535 4.40% Tampa, FL $189,100 8.10% $14,100 -20.10% $1,364 2.30% Baltimore, MD $262,000 3.10% $ 8,000 -18.80% $1,730 0.20% Denver, CO $372,800 6.30% $22,000 -23.30% $2,035 1.80% Pittsburgh, PA $137,100 3.90% $ 5,100 -10.00% $1,067 -1.50% Portland, OR $369,000 6.00% $20,900 3.40% $1,872 4.70% Charlotte, NC $179,100 8.50% $14,000 -4.80% $1,284 3.60% Sacramento, CA $376,900 8.40% $29,100 -21.80% $1,813 7.00% San Antonio, TX $167,100 7.50% $11,700 3.70% $1,335 1.00% Orlando, FL $209,900 7.70% $15,000 -14.90% N/A N/A Cincinnati, OH $154,600 5.50% $ 8,100 -16.00% $1,273 2.90% Las Vegas, NV $236,800 11.20% $23,900 -24.50% $1,284 3.90% Columbus, OH $168,400 6.90% $10,800 -25.50% $1,324 2.70% San Jose, CA $1,076,400 12.30% $118,200 -60.40% $3,488 0.10% Austin, TX $280,700 8.50% $21,900 4.40% $1,690 -0.60% Virginia Beach, VA $222,300 2.50% $ 5,400 -4.80% $1,400 0.70% Providence, RI $273,300 6.20% $16,000 -13.90% N/A N/A Milwaukee, WI $214,900 3.70% $ 7,700 -4.30% N/A N/A Jacksonville, FL $184,800 6.80% $11,800 -6.50% N/A N/A

Way to many casino stories on here.

And of course we all missed it the very best way is to become a nationally known GURU selling training at huge events in Vegas or other venues.. those are the guys knocking down the big dough the quickest.I know first hand..

Or a Las Vegas property owner in 1935?

Given the astronomical prices out here, I'm initially thinking of getting started with SFH/smaller MFH in more affordable metro areas within a short flight from San Francisco: Vegas, Boulder, Tempe, Tucson, Salt Lake, etc. 

Not sure if that works in this context.My vote for next Venue would Be Vegas  As you have huge facilities and rooms for everyone's budget and direct flights from many major MSA's  Nashville is hard to get to for most of us West of the Ole Missip.

Each unit is 2BR/1BA, located in center of city (less than 2 miles from horse track, casino, bath houses, bathhouses, golf courses, national park, hiking/biking trails and 5 miles from lake) with good market for AirBnB but has a few scattered mobile homes around it.