I say do Both...but I actively trade currency and It's kind of nice not to have to deal with people, banks and properties when you are trading ;D I can do much better than 10% per year trading on my own, but there's +'s and -'s with any investment.But I enjoy doing both so I can't see me giving up one to do the other solely.

We want to put a minimum investment of $250K, because our rationale is that anyone putting up that kind of cash will not be as focused on a daily basis of "what their money is doing" etc.

I'm thinking maybe I could use this kind of opportunity to flip (get a more realistic down payment on my own place) or start a rental property up.

Most who have a subject to deal will sell it via lease option (my preferred method) or owner financing of some kind.

There is a guy out here in LV that has created a kind of Lease Option MLS.

If you are kind to the staff they will bend over backwards to provide you with the blanks; in fact some Counties offer them online to print out.

What kinds of properties are the hottest there?

Network with the right people and you will not have to disclose that kind of information.

But I don't know much of this kind of thing to know if this will hold up in all cases.

What kind of rehabs are you looking for?