While a lot of STRs, and properties in general, can work as an MTR, really nailing down who you'd like to serve can absolutely help guide your purchase decision on your next property. 

I think this is the single most important part of the decision in order to set you up for success in passive rental property investing.

If the lender used your credit report as part of the decision, they should also include details about the credit reporting agency.It’s worth following up with the lender to formally request this denial letter and ensure they’re compliant.

Depending on how much you need to raise the rents to market, the other updates in the building that are needed, how quickly you can rent to market rents will all drive your decision.

There's plenty more topics to consider, imagine yourself in their shoes living in a home with 4 other random strangers. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck. 

This approach ensures you’re making decisions based on logic, not emotion.

Given your location in Los Angeles, Vegas's proximity is indeed an advantage, making it easier to oversee your investment without the need for a local property manager initially.Research local ordinances around short-term rentals and evaluate HOA restrictions before making a decision.

Haven’t set one up myself but very helpful topic and thank you to all those that provided references to these banks.

here's a good thread on it:https://www.biggerpockets.com/forums/899/topics/1110473-sett...you should do your own research and determine what fits best for you.