Do you think there are specific markets or strategies that might help offset the high taxes here?

The city’s growth trajectory and the amount of investment being poured in have made me optimistic about the long-term outlook.Hope that helps give you some insight, and feel free to reach out if you'd like some specific resources.

There is virtually no way around this, unless you for example are renting a room, and another tenant, in the same unit, has a deadly allergy to a specific animal type. 

This may include tax credits such as 45L for energy efficiency.Optimization of Energy Efficient Tax Credits: AI tools can help real estate investors identify which specific energy upgrades are the most cost-effective upgrades for their properties resulting in a higher return on the improvements.AI can help investors be more efficient and effective with their time and money.

The specific tax treatment would depend on how the preferred equity is structured in the syndication and whether it qualifies as debt-like equity or retains characteristics of a typical equity investment.

Even with just two properties, a professional can help you navigate deductions, depreciation, and other tax strategies specific to real estate investing.

Banks certainly care about depository relationships and more specifically the size of those depository relationships.

I realize some of these answers are generalities, so if you want more specific answers, please let me know.  

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

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+ garage, 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 is from the MLS and includes ALL property types and price ranges.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthInterestingly, September saw a rent increase MoM ($1.21/SF vs. $1.18/SF), bucking the traditional seasonal slowdown trend.