Hey @Rick BorgoWe're actively investing in STRs in Atlantic City (with a non-STR investments as well) and are quite bullish on it.Beyond the casinos, Stockton University's presence has been a boon to the area.

@Walter Roby jrOk sounds good man thanks again

No risk would be keeping the money in your pocket and walking away because gambling is a pretty bad idea in the first place (I work in casinos, so don't tell my boss I said that). 

You'll be sitting with the family at the funeral watching the kids cry as the goddigger explains that, "Your father...your father...your father was a good man, but he was...well...he was troubled at times."

@Rafael FlorestaSounds good man!

Its in the same Tri Cities area mentioned above, but it has the new Casino going in so there is a lot of potential.

Expect cheap (sub Goodman) components.  

I know their major employers are auto makers and casinos.

@Claude Goodman you can obtain market cap rates by connecting with appraisers and real estate brokers or online resources such as Marcus & Millichap, Integra Realty Resources, CoStar/Yardi Matrix, etc.

Not to say there aren't people who are great developers and make money doing it, but I would say it is not the best way to get started in real estate.   15 acres of raw land sounds like a deal for someone who has made plenty of money doing a variety of deals and now wants to go to the casino to take some of those winnings and double down.Only you know your plan.....I think you start with what the city wants to be there.