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.

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). 

The property management company  was horrid and I lost s lot of during the recession.  

But this year all of my STR bookings are for typical vacation time slots of one week or less. 

While we waited for a slot I drove my son to the same company daycare in the suburbs $50/week cheaper and they had multiple slots open at any given time, Prob 1/3 of the families at this place were waiting on a Downtown daycare slot to become available.I would suggest to anyone to target a Detroit property in near Downtown/Midtown.

If you succeed, its very likely that you'll be acquiring homes outside of the park, homes sitting on land or nice homes in run down parks that need to be moved, and if you're in good with them you can fill their empty slots.

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

I know their major employers are auto makers and casinos.

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. 

I did enjoy going to all the casinos with all the great poker action.I also enjoy buying 35k properties that I can rent for $800.