As you know in Vegas the MLS is full of hoops that Agents not Sellers require from Buyers that ultimately kill deals. 

Which involves adjusting their rate and fixing any liens and reselling the note after I get it performing again.I have been searching high and low for a piece of land or old house here in Las Vegas under $30,000 and it looks like that is not going to happen.

absolutely inspiring, I too am new to real estate and am moving to Vegas in a few weeks.

I moved to Vegas alone at age 19, started hosting parties for some of Sin City's most affluent guests at age 21 & through this I've met people that have pointed me to the direction of real estate which has led me to bigger pockets and ultimately changed my life.

-- 4/1 SFR in North Las Vegas, 43K, 15K rehab.

(CA, Las Vegas are two choices) Keep in mind that this is a speculative investment that will most likely not produce positive cash flow, but in 5-7 years, will produce a large equity position (assuming you bought correctly).

I've been buying up SFRs in Vegas with 9-12% returns, however I feel there will be more appreciation upside there than in DFW in the next few years.

I don't think we are at the bottom but there are several areas that have shown signs of recovery and stabilization.I think the question is to broad to answer from a National level and can only be answered from a local level in my opinion.That being said, many local areas here in So Cal have seen sales increase, supply decrease, buyers increase, and values stabilize.I have also seen sevral areas in Las Vegas where the prices continue to fall, however, the rental market is good and you can pick up properties for much less than the cost to build.

As Account Closed stated prefab slabs in Vegas runs about $100 and here in the Bay Area they run about $39 a slab.

, Vegas?).