The Las Vegas and Henderson Real Estate Market is an excellent opportunity for investors again.
The Las Vegas & Henderson resale home market has some of the highest inventory totals we've seen in a while and the builders are offering everything but their first born to get realtors to bring clients into their subs. To sellers, this news is about as much fun as Fiberglass underwear, but it's great news to investors. Sellers are willing to pay closing costs, buy discount points for buyers, not to mention the fact that dropping the list price is just expected now. We are even seeing buyers having the ability to bargain with builders...that was about as likely to happen a couple years ago as walking unharmed through a cage of rabid rottweillers smothered in meat sauce. I mean one builder is actually offering a free swimming pool with purchase.

This isn't the buy and flip investment of 03 and 04 though...nooo you have to actually commit to the investment for longer than 10 minutes before cashing in...ya I know what a buncha #%$#!!!
This is the old scenario of putting a tenant in to cover all or most of your mortgage, allow the market to continue to create equity, and then in a couple of years either pull the equity to buy more investment property, 1031 into something commercial, or just sell it outright when the winds start blowing from the sellers side of the campfire...

There are always things to be aware of though, make sure the HOA you are buying in allows for rentals in the complex. How many rentals are currently in the complex, what are the comparables renting for, how much work will it need, and most importantly are you going to do the property management or have someone else handle that aspect.