Las Vegas, Nevada saw the highest levels of foreclosure and price collapse of any American metro, prompting a wave of distressed real estate investor buying that has dominated the area market since 2009. This paper presents a case study of the activities and characteristics of these investors drawing upon both quantitative analysis and interviews with knowledgeable informants. This is one of four case studies that explore the behavior of distressed real estate investors since the collapse of the housing bubble and the onset of the mortgage crisis, and their impact on real estate market and community conditions.
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http://www.urban.org/UploadedPDF/412941-Investors-and-Housing-Markets-in-Las-Vegas.pdf