5K rent seems cheap for the area so I would continue with that.

I realize this comes with the STR business but if I'm going to continue to use VRBO I need to find away to attract the "good" guests and minimize the bad ones.

There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise noted, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below, from the MLS, includes ALL property types and price ranges.

All major flippers in town have heavily compressed ARV to accommodate for the potential of the downward slide to continue.

@V.G Jason I didn't think you would continue to comment on this post, but since you did, I consider it fair game. 

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.

I know it seems like a tough task, but can you spend a few more months or a year while you continue to learn to really tighten the budget or find ways to earn a little extra to start from a stronger position?

I would continue with the STR in NJ.

There are no write-offs for decpreciation, no continuous rent payments and so on.I appreciate your reply. 

I think as people are able to choose to work places that have better weather places like Cleavland will continue to decline.