If you're interested in new construction, you may consider getting in very early on in a newer community near Samsung to get some of the benefit from the regular price increases moving forward while they continue to build it out over the next year(s).Of course, all that depends on how the rental numbers look for you in each area. 

I really need to increase the rent by 18% in order to meet my ROI numbers and to get closer to the market.

I believe the UGB will have expanded somewhat but the available land will still be limited when compared to demand causing an increase in price.

The tax is on the gain in the value of the land, and if you're doing a rehab or a flip, the land itself generally doesn't increase much.  

Cap rates are a function of risk; just like any other investment as the returns increase, so does the associated risk.

I am feeling as of late that it is getting increasingly harder to find more deals in our hot Las Vegas market at the moment.

Average growth of Income increase vs house price shows huge difference (sign of bubble)There are many U.S. cities with solid fundamentals (population growth, employment, strong local economy) where I can see potential (still below peaks from 2008s) and decent cash flow/cap rates. 

Increasing your active income with Real Estate can help you get to your passive income goals faster. 

I agree with the previous poster.Also, to alleviate this concern with his next tenant, I suggest your FiL contract to begin service with the garbage collection company, increase the rent by the amount of that cost, and then market the house as "comes with garbage collection!"

I could basically do everything related to management for them, including optimizing the listing to increase earning potential, organize the cleaning, and everything in between!