However, the choice of location significantly depends on your investment strategy.

We have great investment strategies that allows us to get higher rents than most so our investors are able to capitalize faster, refinance, get money out to do it all over again on other properties.  

It's a conversion process and is quite complex to design, formally file and obtain new CO.

There also may be other strategies like STR and MTR that might make sense depending on location. 

Potentially a good idea to search out a good Non-QM/DSCR focused mortgage broker thats on the ground in Las Vegas to find you a good optionDSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

So this got me thinking about my portfolio and I came up with two immediate strategies to improve both my CoC return and my cash flow with just a nominal cash outlay.

There is no secret sauce needed other than a really good budget, really good construction and really good design.

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

You can discuss KPIs, market strategies, sales tactics, and offers an accountability partner.

Quote from @Taylor Williams: Navigate to Real Estate Strategies > Short Term and Vacation Rentals, then search for "arbitrage" and read what others have to say.