I manage my properties from Montana (one in Las Vegas and one in Northern California).

Best remedies - Cancun and Vegas, both of which you will have!

Many in Las Vegas.

Maybe Vegas and Arizona.

identityID=55f6f527c430877f11000146&MID=2016_0527_WeeklyNL&RID=3427123222&cid=eml-2016-0527-WeeklyNL-blog_1_americansmoving-blogs_trendsTampa, FLJacksonville, FLCharlotte, NCSan Antonio, TXAustin, TXLas Vegas, NVOrlando, FLNashville, TNRaleigh, NCPortland, OR

Started calling a lot of real estate investment companies in Chicago and Las Vegas and came to find a lot of them are only buying MFR that are $1 to $5 million or $10 million plus. 

To qualify the irr you achieved, this was not so easy in 2009-2011:I remember in 2009-2011, we were all reading headlines about high unemployment and vacancy rates in Phoenix and Las Vegas. 

Never heard of them but they have a office in Vegas

I can add to Jds commentsthere could have been IRS judgments or other liens behind the bank loan and the bank was forced to foreclose them out.lender by law is not allowed to set their opening bid ABOVE what they are owed.. that being principal back interest (default interest if any) late fees  legal fees publication etc etc>now many times they will do whats called a drop bid.. and open the bid far under what they are owed. this happened routinely in vegas and Phx  last decade... as homes were so far under water the banks just wanted them sold.Now if a bid at foreclosure sale goes above the amount owed.. then the overages go to the next creditor on title or if no creditors it goes to the Owner of the property that just lost it..

That is the issue here....I learned this through watching my friends who bought in Vegas.....Oh boy, so hard to find a tenant there as the whole town was bought up by investors...