you will have to put some time in. also, not your main question, but: wholesaling is spectacularly difficult. 

Plenty of money on the table, but extremely difficult underwriters and less than helpful loan officers in terms of information.

Difficult to appraise because there were no comps in the area.

Quote from @Michael Baum: Hey @Kanika Jain, so Las Vegas can be a real difficult place to have a STR.

Difficult to appraise because there were no comps in the area.

It will be not only complex (but doable) to secure financing for it, but the real issue is that if you ever want to sell it, it will be super difficult for prospective buyers to secure financing unless they are seasoned investors which limits your potential buyer pool and potentially your offloading price.

I would think a detection device would be easy to fool or disable, and difficult to prove in court.I would focus on inspections and look for the following evidence, then document with pictures, written warnings, demands of cleaning/repairs, and follow-up inspections.

For that, it makes Denver difficult.

I know I'll have a vacant place for quite sometime as it is difficult to find people to rent these rooms during this time of the year. 

It's great to work with a real estate-specific tax professional but it's difficult because you don't always know what you don't know.