The other considerations noted by other posters are valid, but when you weigh them against the high risk of extended vacancy, ending at the beginning of winter is to be avoided at all costs.  2 months of added vacancy is a 16.6% loss to annual income. 

Got it, I guess it depends on what you perceive as the greater risk, property damage or rent collection.

Each strategy has its own pros and cons, so evaluate which aligns best with your goals, risk tolerance, and investment timeframe.Financing: With $100k to invest, explore financing options such as conventional mortgages, hard money loans, private financing, or partnership arrangements.

Flex Spaces and storage units is a uber saturated / niche market and I think has a little too much risk for a newbie's first investment.  

I’ve cohosted in several markets all as medium term or hybrid (STR/MTR) and here’s what I’ve done: - Made the lease between the owner and the tenant- Owner collects the rent and the cohost charges their fee to the owner monthly- Small maintenance items under $300 were instantly approved per my cohosting agreement but larger items had to be coordinated with the owner because in some markets you have to be a licensed real estate agent or broker to facilitate property improvements on behalf of the owner 

This area is slated to be the next biggest development in the next 10 years.From my calculations, this seems like an ideal move, but I'm aware that there could be considerations or risks that I haven't thought of.

I think your numbers are on, its a profitable play in that leasing risk in good areas is essentially 0.

U know investors go for paper returns with no thought to tenant base and RISK.. no different in Vegas than in any other market.

After that, schedule conversations with several lenders, coming to the table already knowing your price ceiling.

This will give you several benefits.