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I thought the same thing. I'm in Vegas again this weekend, and I found out I can buy a 3 bedroom single family residence for less than $60,000 and it can rent for about $800. Mortgage with 20% down will be about $400/mo. I'm going to come back and seriously look for another rental property, maybe even 2 at this price.
I'm not sure why you're waiting, but there are bargains all over the place you just have to look.
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