Las Vegas has a lot of booms and busts and is headed for a struggle currently with the casino and hospitality industry.

@Christopher Vargas South up on Las Vegas Blvd has a lot of new development with many amenities near by: bus lines, shuttles, grocery stores, newer local casino with bowling, movies, restaurants.

I am aware that STR's require a higher level of service and have frequent turnover.

I'm not saying that it's impossible but one should be realistic about the time it takes to self manage and start up from finding a handyman/maintenance, GOOD cleaners, listing description, professional photos, dynamic pricing, frequently doing the enemy method, channel/booking/auto response managers, business hours, business phone, generating return statements, hiring and training virtual assistants/co hosts (which will expect a fee anyway), background/criminal/credit checks, dealing with tenant questions/demands, reviews.

The roof is one of the major expenses and in Texas we get hit by hail frequently at least once per year.

Vegas travel was put to a screaming gault but now has picked back up quite a bit,most casinos are open but some like the mgm park planet holly wood and tropicana are still shut down. 

Prior to doing this deal, whenever I'd analyze a deal and put together a pro-forma, I always allocated some expense for vacancy, frequently 8%.

It was a street that I frequently drove, so, I noticed the changes. 

Frigidaire has an appealing cost of entry, but of all of the appliances at our properties, they are the ones that have the most frequent repair calls. 

Let's assume we're discussing apple/apple units ( same bed/bath, sqft & all amenities too), the FMR is certainly City specific and frequently further refined by neighborhoods.On one city block, I've seen lows of 825 to 1150 and the differences were the exterior paint.