Over the next few months, the Treasury Department and the Internal Revenue Service will be providing further details, including additional legal guidance, on this new incentive.

Are you getting 1 year leases there from casino workers or other industry? 

One of our tenants is a guard at a nearby casino and has always paid his rent with 100 dollar bills.

For example, when you try to do the same with a 401k plan, a 20% federal tax has to be submitted to the Department of the treasury by the 401k provider even if you later want to rollover the amount distributed back to the 401(k) plan, and in order to take such distribution, a triggering event has to be satisfied.

Right now it’s 4.5-4.625 for owner occupied so add around 1 percent to that and that’s what you get.Rates are based on the treasury rate and the fed has been raising that recently and will continue to do that this year and next year.By end of next year I expect rates for investor loans to be around 7 percent.

Treasury notes return slightly higher, but not so much.

Only 1.5 miles from the Las Vegas strip, near MGM casino. 

The new casino is already in financial trouble and will (IMO) fail within the next few years.

@Tony Hoong @Ashish Acharya @Jay HinrichsQuick addition: You must invest through a US Treasury approved "Opportunity Fund" to capture the benefits of this program.

Luckily the realtor tried to show the $1200/mo Hoa as a benefit as I would have “full use of the casino amenities...” less than 5 years later I didn’t buy the equivalent condo for $200k.