Starting out, staying in your own backyard has many advantages.

That said, a condo or apartment just outside the Strip could still work if it offers something unique, like better pricing, quieter surroundings, or extra amenities.Personally, I’m more into staying at hotels and resorts in the U.S. because they usually provide a full experience with pools, restaurants, and entertainment.

You can stay friends, but business is business.

If you do have an entity, treat is like your ex - stay as far away from it personally, do not mix funds and operate it at arms length. 

This sort of deal could go south very easily and for that reason I stayed away.What would you do? 

I might stay away from self managing in my first deal and rather focus on raising funds and managing the investment. 

Unless you monitor regulations full-time, staying compliant is nearly impossible—and a single mistake can cost more than years of property management fees.Properties don't pay rent—tenants do.

I stayed at Eagle rock recently and loved it. 

You will end up getting a list of GC's to stay away from too. 

Unlike others, he charges a modest 10k and people stay forever rather than just one year for $25k.