If you are buying a high cost property with litle to no cash flow, you likely don't have to worry about paying tax on rental income since your depreication will wipe out any cash flow from being taxed.

In a previous life, I developed midstream energy assets. 

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.

So I guess i'm leaning towards keeping the first property as a rental.  

Hi House-hackers,I've seen different advice about software that MTR folks should be using but it seems like the suggestions are based on people having multiple properties they're managing, both as STR and/or MTR.I'm starting out and am hoping to get a tenant via Furnished Finder.

The property cannot be in an LLC though.

Hello all,I am looking at building by brand and would like to see what the community uses for marketing of their properties.

I ran a CMA on the property and got an average sells price of $290k. $280k is what I ran my numbers off of to be safe.

Zillow and online county property records for sale prices.   

"I was looking at get my property rented by the room to college students or Veterans" but I don't actively see this happening often.