I would suggest not worrying too much about a specific area since there aren't that many apartment complexes in Las Vegas to start with, much less that are for sale. Have you considered investing in smaller single family homes, condos or townhouses? If you'd look at condos & townhouses, I suggest Summerlin & Henderson. I know Summerlin has quite a few 800-1200 SF condos in the range of $75,000-$95,000 each. I'm currently working with a cash buyer that needs 3-6 rentals per month in the $100,000+/- range so am getting familiar with the inventory. If the $2 million is cash, you can move mountains.
Gus Enegren, Realtor, Broker-Salesperson
Synergy Sotheby's International Realty
8330 W. Sahara Ave. #110
Las Vegas, NV 89117