Yes I did a cash out on the duplex last summer, which is how I bought prop #2 (single family) I don’t think I have much equity now so I may need to wait a few years if I decide to do a 1031

I'd hate to see you start with a BRRRR for your first project, take on something too big to chew off and go bankrupt and/or spend a year and a half on 1 project when you could have done 5 single base hits in a given year and built up a whole lot more networth in my opinion.

Current rents average $850. (8)two bedroom 1.5 bath and (8) single bed/bath.

First you cannot buy a Multi-family as a Vacation home its only for SFR - single family, condo's, townhomes and they require 10% down.

Hey @Agustin Rossi, Section 121 exclusion: exclude the gain from capital gains is what you want to look into. 250k single.500k if filing jointly.You need to live in the home for 24 months of the prior 5 years. 

I was left with a single condo where they lived.

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents started to rise after the holiday season.

I am looking for a stand-alone single floor/high ceiling 30k to 40k sqft building on 2.5 to 3 acres of land or 2.5 to 3 acres of land to purchase and build the structure I need.This would be for an event venue.

So just hoping for that single traveler at the moment :)

No, I never had a single problem.