For me, flipping is like roulette at the casino...so treat it like a business and not a hobby.

@Aida Casino    Keep in mind Hard Money is more expensive which should only be used if you have no cheaper option when the opportunity arises.

If so, are they at least 3 Beds, 1.5 bath, as I would think anthing smaller would be competing directly with casino hotels.

However, the tenant pool for Class A and B properties (largely casino workers), which generally rented in the range of $1000/Mo. to $1400/Mo., suffered income reductions but comparatively few became unemployed.

Looks like las vegas has more job growth besides just the casinos.

There is an ever growing hospital, another stable hospital, casino, aviation business, manafacturing facilities... you name it.

Better than Vegas or Indian Casino odds, plus you can talk about it!

@Russell Brazil What are your thoughts on the casino being built do you think the area is already bought out or do you think there might be an opportunity with all those employees to find rental units when it comes online?

The bank doesn't care whether you lend the money to a LLC or whether you go to the casino and gamble it away - they do care about getting paid though.

Think about how many people don't have any qualms about dropping $100k on shares of Apple in the "Grand Casino".