Gambling is short-term speculative play; that's flipping,  that's Vegas slots, sports betting.

@Derek Morrison I list “typical qualifications” in my rental listing then have a specific email response to inquiries that again lists my “typical qualifications,” along with an attached application form, that if they meet those, they can request appt x day for 20-minute time slot, and I only accept applications after meeting them at the appointment.

I will add a bit more below;The casino project has portrayed a great deal of "hype" with many of Springfield's investors/residents/community.

Be it stocks or real estate.If I want to gamble, I'll go to Vegas and loose quickly on the slots so I can have a cigar and enjoy a cocktail.Much success

Beautiful views, casino, and you're never bored.

If there was a spill in your rental you could just spend the weekend in a casino and take a few squares home with you!

1. you're right in the new ones from developers don't produce any cashflow. you might want to look at the secondary market to get better yields as the properties are already built and can cashflow right away. also easier to see comparable rents in the same development. check bank repos, distressed sellers and the like. you might also want to get a parking slot for added income as they can be leased out separately. it's also quite difficult to sell without one should you decide down the road. developers usually have an in-house leasing team to handle property management which we use for some of our properties.  

@Roy Gottesdiener - I am not familiar with the rental market with Kings Mountain specifically, but there is grow happening in that area with the building of the Catawba Two Kings Casino. 

Vegas is a larger market with more new construction, they are getting more sports teams, and trying to diversify the economy past casinos. 

The Casino was packed but not many people shopping around the town or at the beach.