The perception of buyers is that the Las Vegas housing scene is in a lull. So, if home purchases are hard to come by for some, where are they living? The rental market is thriving. Homes are rented. Apartments are rented. If the price is reasonable, just about anything will rent.
Those familiar with Robert Kiyosaki and who follow his real estate teachings should be smiling big. He is a huge advocate for real estate investing. His methods are more than speculate and just buy a house for appreciation. He urges the purchase of many units. His books are an interesting read.
Las Vegas investors have a hard time finding apartments, four-plexes, etc. because most are tied up and few are built in recent years. However, if you have one, they are full.
If you are looking to invest, contact your Las Vegas real estate agent to investigate the rental scene.