My personal preference for long term holds such as rentals is to invest in areas which will hold value. So places like Summerlin, Mountains Edge, Anthem, and Seven Hills (just to name a few) would be my preference. However, statistically speaking you'll have a higher vacancy rate in these areas because there is a lower demand for rental properties. I would also consider how you are financing these properties. A 900 sq ft condo paid for in cash will yield more than a financed 200k single family home. Checking out the current demographics of Vegas helps too! Link below.