Am thinking of converting a long term rental to a medium rental. 

Despite this, continued population and job growth, along with limited new development beyond 2025, suggests potential for renewed rent growth in the medium term.The market's long-term outlook remains positive, with Las Vegas's continued growth driving demand for townhomes and condos, making it a viable investment area for both short-term gains and long-term stability.

Quote from @Daniel Baker: Most of the smaller and medium size operators I know use the CAR lease. 

Medium term housing for insurance claims.

In my experience a lot of folks hesitation for getting into real estate as a wealth creating medium is the hefty amount of cash you need for a down payment.

I currently own one side-by-side duplex in Euclid (purchased end of 2022), and am looking to eventually buy more rental properties, and possibly get into medium term rentals.

Are you looking to invest in short, medium or long term rentals? 

Takeaway is having at least 1 medium term guest will yes have lower rent potential but less headache and helps stabilize income.Gross Earnings: $2,200Expenses: $75 supplies (we clean ourselves, takes 10 minutes, and it's right upstairs no biggie)PITI: $2,700We paid $800 including utilities and any little repairs needed to live here.When we move out, we expect to cashflow around $500 a month conservatively.

But I also know the market here is very competitive, and the medium home value is very high.

Some took a long time, some took a medium amount of time.