@Ashish Acharya A big part of my post is highlighting how specific details in local regulations can make it increasingly challenging to operate short-term rentals, even in towns where they’re technically permitted.

If you are doing it just to buy something my answer would be no, but if there is a specific deal that you underwrote that looks like a great deal then yes.Henry asked and brought up great points as well. 

@Alex V. you've got some good responses above but this specific forum is more for residential stuff. 

Send me a DM with anything specific you have in mind!

Always open to conversations with like-minded folks, but nothing I have specifically sought out intentionally... yet!

Watched some You tube videos about some ways, specifically creating a property LLC with WY LLC being a member manager LLC for the property LLC. 

But I did not want to give specific examples with no context on a location for her. 

There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise noted, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below, from the MLS, includes ALL property types and price ranges.

@Jeff Shaver There is no specific statutory time frame before you can do a cash out refi after completing a 1031 exchange.

You haven't provided enough information on that to allow specific advice.If you purchased the property in 2020 you should still be at a good interest rate (assuming a 5 year balloon ARM).