Low cap rates means a strong market and potential to increase in value at a faster pace. 

Paul,   all of my experience is in Birmingham where I live so I cannot really tell you a lot about the rest of the country but we have some very solid C properties in Birmingham that can be rent ready for less than 50k and are in areas that in my opinion are poised to increase in value faster than the market as a whole. 

Many of the landlord tales of woe we read about could have been prevented or readily handled if the owner had been associated with a good landlord group.The one I belong to has been invaluable.

All parties have 72 hours to submit data to the appraiser to challenge. 

This means that wall street REALLY doesn't want to buy mortgage backed securities with loans at X.500% in them, they'd rather have X.625% or X.375% (people buy/refi/etc based on emotion not math, Wall St has data saying that X.500% people refinance really quick, one would assume).

and the building/land is most likely going up in value, at least keeping pace with inflation and possibly doing even better as the location becomes more desirable. 

On the other hand... time is money and I know all the data in propstreams isn't correct, so may be better to see if you get call back from direct mail.

According to data from ATTOM Data Solutions, Las Vegas home prices crossed the point in the last few years where it is more affordable to rent than to buy.

If not, maybe reach out to a few local lenders and get concrete data based on your current financial situation. 

First off, I want to say how grateful for BiggerPockets and all the invaluable information the forums provide.I currently am experiencing a dilemma with my first duplex property that I currently owner occupy but will be moving out of to house hack a second duplex in same market.