Blow away all expectations, it's in a rental program and I'm thrilled with how it's performing.

@Richard PurdyTo double it in a year head over to your local casino and pick red or blackReal estate historically provides an 8-10% return which means it will take 7-9 years to double

These homes are within 4 miles of the main strip and casinos.  

I'm thrilled with the wealth of info and the ability to align with others in this field.

📌First, your competing with the casinos, new build homes, new build apartments, and investment groups all looking to get their hands in the cookie jar in the desirable parts of town. 📌 The duration of a tenant's stay in multi-family units in Las Vegas are trending to be less than a year.

Personally I’ve never considered a new property but I am seriously considering doing a 1031 exchange in to the DR Horton new builds north east of the Aliante casino.

BP had an interesting article: https://www.biggerpockets.com/...The barrier to entry may be a little higher than the Ohio market, but having Casinos, the Gulf of Mexico, Keesler Air Force Base, the Seabee base, and Stennis Space Center make this more appealing to me than the other budget markets.

The anti STR rules are not because the short term rental is commercial, it is because they have limited residencies of less than 30 days (or however the rule is written).I do understand that many (possibly most) people do not want to live next door to an STR (I do not want my neighbor to be an STR - behind me I had a neighbor build a dorm (Not sure of number of BRs but the house is bigger than many university dormitories (it is probably close to 100'x100' with 2 stories)) that visiting jewish students can stay and I am not thrilled at that either). 

And PS we just sold our property right up the road from you in Rohnert Park we had 4 acres across from the Graton Casino I bought in the mid 90s  LOL

With that said, I love the thrill of RE with some 40 flips and ownership in 100 units physically and some other RE syndications.