The other concern that I would have with Las Vegas is that it's economy is highly dependent on tourism and hospitality which prices and rents are very volatile in times like this and during the 2008 recession.

If 300k gets you twice as many bedrooms, and your market has enough tourism to support it, I’d go with the $300k option.

There is no tourism in my town (the worst town to live in Kansas). 

I've spent about 18k of that so far on long term marketing plans that should start paying off over the next 6-10 months and the rest will be used for inbound marketing and setting up systems that get me going on to bigger things.

I have heard that domestic STR are doing well during Covid but International Tourism based STR are hurting - like Orlando/NYC/SF etc.

For those of you who don't know, South Florida's entire economy (80-90%) is made up of tourism and hospitality which obviously is getting absolutely crushed by COVID. 

Tourism has been thrashed globally, and probably will be for the rest of the year.

It's in downtown Newport RI so lots of foot traffic and tourism. 

We went from over-tourism to no tourism in a matter of weeks.

You may be able to find affordable property and while helping to promote tourism revenue for the territory.