I think it depends on the market.. they approached me on a furnished rental I had in Vegas (Summerlin gated community A class)  We got basically double or a little more of the normal rent..

As a matter of fact, I'm flying to Vegas now and will throw whatever money that I would've "gator lended" on the first table I see 😂

I'm starting to look at Reno/Lake Tahoe which is about a 4 hour drive and Las Vegas but my goals are different from yours - I would buy this house to rent out and in the future, move into it as a primary when I decide to retire/semi-retire (Nevada has no state income tax unlike CA).

I had purchased one of these "Legal Packages" to hide your assets from Anderson Advisors in Las Vegas back in 2018.

Allstate does all 10 of my Vegas properties (along with a MN property and an umbrella).

not in vegas flipping is too competitive.. 

It's worth noting, however, that in the long term, housing markets with abundant vacant land can significantly increase their inventory if policies and economic conditions favor builders.In markets like Las Vegas, where undeveloped land is limited, and population growth is strong and steady, housing inventory will continue to tighten.

It may be only a matter of time before we see the Salt Lake City / Las Vegas Guru marketing companies entering the “guru” syndication field. 

Unless you have an STR-friendly HOA in a tourist hotspot (Honolulu, Las Vegas, etc...), I personally don't like properties with HOAs if your plan is to run them as STRs.  

And if AZ is on the list then NV would need to be to as Vegas has the exact same issues.