Property is located in Vegas in Paradise.

Instead, look at your major location-specific operating costs as an investor.

We are selling one property in a location that has permits and other restrictions it would take Sherlock Holmes to find and when you inadvertently hit one there are fines plus the permits and delays. 

I am located in Ohio and like many people I have researched and read about, tired of the 9-5 grind and putting money into someone else's pockets. 

I only have one STR I mostly do LTR but I know location and amenities are king. 

@Byoung Bae would NOT recommend an inexperienced investor try to DIY manage OOS anything other than a Class A rental.The odds are against you and you will statistically lose a LOT of money.Read below for some friendly advice:-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It was the worst house in the best location. 5 acres just above a lake outside of a desired town.

It's all the about the location and the view.

The house is located in Utah County, and I think over time it will appreciate very quickly relative to other markets.

I think $35 at the time of this writing and they can withdraw it and use it at other locations if they get denied.