Hello  @Thomas Sheehan,If your goal is to invest in an apartment where you don't have to concern yourself with maintenance and cap Ex, this deal (or perhaps another with similar rents and lower price) could make sense.The downside to deals like this is that your rents could eventually hit a ceiling as newer apartments (some with more amenities) become available.

These hotels are almost all ideally located right on the strip, and loaded with amenities like room service, restaurants, bars, and casinos. 

I myself have a 1/1 apartment on Davis Islands near the hospital that I'm considering renting to traveling nurses.The problem with rental arbitrage is that you need leverage as the renter to negotiate assignable lease terms with your landlord.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Flipping with the intent to BRRR became a 3rd job.

Wholesaling is tough with a license in any state because the spread you earn has to go through your brokerage, but having a license when doing off-market appointments adds to your toolbox (you can always list when they want market price).

There's also a considerable risk that the person you're dealing with isn't actually the owner of the property.

Investing with personal funds creates a taxable event when you liquidate the asset.

I have a good agent I've worked with for years and letting him represent me not only gives me the advantage of additional counsel, it also gives me someone else to do the heavy lifting so I can concentrate on the deals themselves rather than the intricacies of the actual contract, the process of moving everything through closing and all the hiccups that often come with investment properties.

Normally, they negotiate with the company and advise you on the loss.