1st timer, eyeing down Las Vegas area

[Jason Molina]

I am not totally sure if I am set in stone regarding this strategy in Las Vegas, however I did pinpoint this city and area as I frequently visit from California multiple times per year. 

I genuinely enjoy my time in Las Vegas and at this point, I believe its time for me and my brother (investing partner) to consider buying a property in the LV area. 

We are considering the mid term rental strategy in this area given there are multiple hospitals, military personnel, and the continuous growth in construction. 

We are a little apprehensive regarding this strategy as there is limited information available regarding the strategy and the area. We will also not be ready till summer of 2024.

I also want to ensure this property is not marketed as an STR as I am sure it gets very complicated in this area.

What are some major considerations when looking into this strategy in the Las Vegas area? I understand needing to be near hospitals and universities, however what are some additional thoughts I should be having? 

[Joey Banasihan]

@Jason Molina, welcome! I am located in the Boise area but I would suggest starting with purchasing the "30 Day Stay Medium Term Rental" book to start off. This is provide a great foundation for the MTR strategy, regardless of where you decided to do it. But the thing I will say is that besides analyzing a deal and running numbers, the most important part is taking action and pairing with a great investor friendly agent.  Happy to get more into detail around utilizing platforms such as Furnish Finder, and more, but I believe the book will give you the best foundation. Then from there you can revisit the forums to ask or seek more specific questions as needed.  Good luck, you got this!