Other factors which are not easily mathematically calculated is that a nice place will likely have less vacancy, less maintenance calls, is more 'rentable' (faster) and decreases liability... so in the back of your mind you should keep this formula in mind but a 12% is not too bad.

As a first time homebuyer Househacking is the best option for decreasing housing costs and quickly getting into realestate, especially when you dont have that much money and want to utilize an FHA loan. 2.

Do not buy anywhere if the state or metro populations are static or decreasing.

Any agent or company that owns or manages properties within the same property niche as yourself will compete against you for the same customer reservation on the same STVR platforms.Unless there is excess demand vs supply a property owner s ROI will decrease as listings compete for same customer.

As a side note: A 1% increase in OPEX against a 7 year hold can make a $30M income stream over a 7 year hold take a $2M hit and decrease $30M to $28M.Additionally, and just as importantly a "good" pro forma should actually follow the development process itself and allow for the user to immediately see the impacts associated with tweaking variables in terms of time, cost, expenses and allocations of debt, equity and all forms of income.

The pool of renters may be smaller but so would the number of rentals to choose from helping you stand out and hopefully decreasing vacancy. 

Decreasing crime indexThis isn't to say you can't find a fantastic market that does not meet these six requirements but this should definitely get you started.

So, I do not believe prices are overheated.Will prices decrease significantly in Las Vegas?

If the rents have decreased in your area, then taking a $100 a month decrease; at the end of the year is less than one month's rent. 

Over time, distribution time will become more and more exciting as you continue to decrease your dependence on your W-2 and shift a larger portion of your traditional investments over to this space.