That being said you can make that kind of money with fewer properties but you would need to do more intense work and higher risk Short Term Rentals, co-living, or Section 8.- My Strategy: I'd like to buy and hold residential rental properties.

Here is a link to the Las Vegas short-term rental page: https://tinyurl.com/2fcsjj32Whether you can offer a short-term rental out of a condo or apartment depends on the individual property.

If that makes more sense though by all means I’m open as I am brand new to this game.

Investing in a short-term rental in Red River Gorge sounds exciting!

Primary Residence is taxed as short-term or long-term capital gains on sale and it may qualify for Sec 121 ExclusionIf you are classified as a Dealer you will pay ordinary income taxes on sale.

One of my favorite authors, Nicholas Nassim Taleb, sold me on the concept of Skin in the Game and holding all pundits accountable for prior predictions, myself included. 

Welcome to the forum @Chris Primavera.Seeing as you are brand new today, it would be good for you to search on the forum for those areas and read everything there is about those markets.Grab @Avery Carls book Short Term Rentals Long Term Wealth and read it. https://store.biggerpockets.com/products/short-term-rental-l...It is chock full of info that you need.

Then you are 'in the game' so to speak.

Oops, game over, you lost.

The unit was crappy to begin with and this didn't happen over a short period of time.