This will virtually destroy the rental property base of the country.

I miss the hill country!

You will get the lists of any cash buyers in the country.

Great point, Will...I forgot to mention in my post that I'm in one of the cheapest real estate markets in terms of labor...you can double my prices in many areas of the country, and in high priced areas (CA, NYC, etc), you can triple them or more...As Will said, averages are meaningless...

If you were in So Cal, and not other side of country, I could take a look for you.

I too have yet to hear of any building producing 30% cap rates anywhere in this country.

Lastly, he considers the average median price of homes in the market...which, as of February, is still descending.Bottfeld stated last year that the hold out factor in the data for the Las Vegas housing market was the median home price...and that appears to continue to be the case, not just in Las Vegas, but across the country as well.

I buy all over the country and frankly I have yet to find a PM that does two things well....communicate and be a good property manager - i seem to find ones who do one well - Communcation is key to me - also your understanding that your responsiveness to the tenants needs are going to determine more then anything the length of time they stay - so if you can show / demonstrate to me tha tyou get that - that you get your are going to play a HUGE role in tenant retention and how your going to help - cool.Now figure out how to say all that in three bullet points so I call you :)

It is my professional opinion that Las Vegas will be one of the first cities in the country (speaking of cities that got hammered from the bubble burst) to recover.

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