Hello (again),I would like to purchase a commercial building in Las Vegas. 

@Adrian Vega, I second @Sai T. and @Melba Chambers on this.

Quote from @Greg Scott: Victor Minasce has some compelling data suggested there may be trouble ahead for Short Term Rentals.https://podcasts.apple.com/us/...The problem with Airbnb listing is it's extremely hard to calculate the liquidity ratio which is the demand for STR and supply of STR.This is different with LTR or when selling houses in the way that the liquidity ratio can easily be calculated.However, it seems the problem with STR is more related to higher liquidity ratios in cities like Vegas and Phoenix.If Airbnb could have indicators similar to the "Zillow Home Index or the ZORI", this problem could easily be deciphered. 

Hi everyone, I was prequalified for 140k in las vegas where i'm living.

A) dump it for let's say $150K net after taxes vs $240K rehabbed ZestimateB) pull cash out refi and rehab via:B1) my wife and I rehab on the cheap $10-20KB2) from Vegas with my agent's networkof local cheap labor maybe $20-30KC) after rehab would you:C1) rent it to market priceC2) and sell turn key to an investor (agent says buyers prefer duplexes vacant)C3) or play landlord and have tenants pay off the HELOC then refiand pull a mortgage for our primary home the reason for this dealIt seems like we could actually have tenants help pay for our primary home(in theory but there's a lot of variables and the quality of tenants will be low income).My goal turning 55 is buy my 1st Primary Home EVER in my life,so taxed cash vs cash flowing borrowed cash is the conundrum.Agent and office etc. has network of low cost repair people,can do management at 10% if we go out of town landlord,because due to safety, we do NOT want to go back...THANK YOU for ANY opinions :)

But recently I took a chance to ask one guy from Las Vegas who lost his rental portfolio as well in the last crash.

It is also known for hosting the Cliff Castle Casino, which is on the edge of town.Sedona is my personal favorite, although more expensive.

We attended one on January 30 in Las Vegas for a few hours with a real estate agent we know who had made money on buying at the sales, fixing, and flipping.

I am sure most of you would say to give them notice and start the eviction process (the property is in North Las Vegas).

I have a lot of friends and family in the Vegas and Houston areas so I'll take this as encouragement and start looking in those markets.