While it's true that many investors are drawn to the Midwest for favorable cap rates and the 1% rule, Las Vegas still holds potential, especially for short-term rentals like Airbnb due to its high tourism volume.

When you said Las Vegas did you mean North Las Vegas or some other suburb?

States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate nor a loan secured by non owner occupied residential real estateALASKA ARKANSAS COLORADO CONNECTICUT DCDELAWARE FLORIDA GEORGIAHAWAIIIOWAINDIANAKANSAS KENTUCKY INDIANAKANSAS LOUISIANAMASSMARYLAND MAINEMISSOURI MISSISSIPPI MONTANANORTH CAROLINA NEBRASKANEW HAMPSHIRE NEW MEXICO OHIOOKLAHOMA PENNSYLVANIA RHODE ISLAND SOUTH CAROLINA TENNESSEE TEXAS WASHINGTON WISCONSINWEST VIRGINIAStates which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate but DO require licensing for a loan secured by non owner occupied residential real estateIDAHO MINNESOTA OREGON UTAH VIRGINIA States that DO require licensing for both residential and commercial real estate loan origination and brokeringARIZONACALIFORNIAILLINOIS MICHIGANNEW YORK NORTH DAKOTA NEW JERSEY NEVADASOUTH DAKOTA Good list Don.One thing I notice is so many lenders say they are located in Las Vegas.

Yes, North Las Vegas area. 

I have a buddy who invested in a project in Las Vegas that crashed and burned.

It may not add much but as it happens…My new build home in Las Vegas (DR Horton build) specifically says I do not have any subsurface rights.

Even though it doesnt cashflow well asap, the potential would be its proximity to Las Olas, downtown and the size of the lot, different development options. 

Hello @Joseph Waitkevich,AirBnBs are not illegal in Las Vegas.

I house hack a 7 bed / 5 bath in Las Vegas. 

Amy I talked to William off line I dont think he is a plant.. as someone who actually funds land flippers I was curious as to where these folks get the basic training..