Large diverse industrial and technology base, top level airport access, business friendly environment etc. 

I can't even imagine what the environment is like.  

You do want to look at your resale numbers to determine your offer price and want to start with a fairly low offer, (knowing that it is more difficult to negotiate discounts with the banks in this low inventory environment) and get it under contract with the homeowner.

In the current environment, it is almost impossible to always get that number correct.

I can't fault you for not surveying the property during your escrow period because as I state is extremely rare in a urban environment in our area to do that.. so the realtor is not going to recommend it when I bet they have rarely if ever done it in the past..

This low interest rate environment means investors are accepting lower cap rates.The most important factor to me is cash flow.

And perhaps more importantly lenders like to make loans to a client in an otherwise static environment - nothing else going on but that loan.

If you lived in apartments growing up you may be used to that environment.

It would seem like from the limited people I had a chance to speak with in Vegas that Multifamily units do not work well in this environment, but SFR do better for rent and resale. 

We are an inflationary environment, new builds let you save out on capex issues, two year rents do keep you locked in, you got a great interest.