I would avoid areas with no regulation unless you find a hidden gem.There are still many gems out there specialy in tightly restricted markets.  6 months ago we missed on a property that went up for sale. 

I know there's STR restrictions in LV proper, but since this is part of a resort, I would assume the resort can rent my unit when I'm away?

Its not much of a difference and I would recommend going with 5% down conventional as there's less restrictions when you decide to leave the property and no upfront mortgage insurance. 

Im looking to create 8X8 (8 post cards in 8 week) marketing campaign where the company compiles the list of owners, design the postcard and send them out to the address.

And renting may be cheaper if you factor in taxes, insurance, repairs & maintenance, and closing costs on both ends.Buying can be much more profitable, but it can also be very restrictive and emotionally painful. 

As the local governments struggle to manage tax payer money responsibly, they should really offer incentives to private builders to build "income restricted" at a much lower price. $220-$300/ft for vertical build costs.  

If in a park is the park cooperating with the end user, restrictions, raising park rent...Lot of moving parts, but worth a discussion if you wish.Good Investing...

If you have restrictions like we do, I would avoid that headache.

What can you build by right, how hard are the restrictions/zoning to change?  

As far as the impact, first who is the beneficiary of the restriction?