The grass may look greener on the other side , but is it really ?

So, in reality every month your moving close and closer to sucking out months/years of profits via items aging out, cap-x coming to bear. 

In Vegas you’re probably closer to $400k to get in SFR instead of a condo.

After this, we are hoping to pursue more destination-location STRs in Oregon and Washington, and possibly BRRRR LTRs closer to home to diversify a bit.Help me analyze this potential build.

Do they have 5k in high weeds/grass built up from a year of the city mowing at $300 a pop?

You have a 200k equity buffer, so you should be able to get closer to 130k from a LTV perspective - but will your rent amount cover that new loan?

If that market fits what you are looking for and it's closer then I would invest there, but if it doesn't fit what your looking for from a metric standpoint I wouldn't just invest there because a buddy does. 3.Being able to get a direct flight helps, but I wouldn't make a decision on a market based on that4.

You can take the proceeds and do with it what you want (eg buy a rental closer to home). 

That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!

Generally, homes closer to the water are more expensive.