You technically can but it is unlikely as the market for hotels is much smaller than for homes and the seller is more likely to be a more sophisticated investor who wouldn't want to wholesale.

We do not buy the market.I simply wish this could be a more sophisticated conversation than simply illuminating the fact that most buyers are stupid.

Not to say there aren't people who are great developers and make money doing it, but I would say it is not the best way to get started in real estate.   15 acres of raw land sounds like a deal for someone who has made plenty of money doing a variety of deals and now wants to go to the casino to take some of those winnings and double down.Only you know your plan.....I think you start with what the city wants to be there. 

I did enjoy going to all the casinos with all the great poker action.I also enjoy buying 35k properties that I can rent for $800. 

Most ppl who buy these products are educated upper middle class or higher so they are either much more sophisticated (or should be) or have access to folks like RIA's CPA's CFP's etc because they get it!

Thats the issue.. and of course as you state we are all out there trying to score real estate deals.. so most folks that would sit down with a civilian seller IE not sophisticated in the least are not going to point out all the RISK factors for them. they are just going to talk about the blue sky this is great for them factors.

Why does everyone act like people at this level don’t have the sophistication to have multiple exit plans??

Here in Ohio 50 million dollar license fee to start a casino.

A former Structural enginee:  designed airports, casinos, 1M+ sf industrial buildings.

The main difference between you and I might be that I'm using a property manager to take care of bed bugs and toilets, which goes against your final point about having better luck at a casino.