Hello BiggerPockets,After reading numerous books from the BiggerPockets library and spending more time on Loopnet than I would like to admit, it is time for me to put some of this knowledge into action. 

Read up on Las Vegas Short term rental rules.

I’d love to connect with seasoned agents and investors who can offer advice and mentorship as I navigate this exciting new chapter.

This will likely be part of a 1031 exchange, with plans to purchase by spring or summer 2025, before the fall semester.Thank you!

Some states do have special guidelines or customs that differ from state to state, but this is a minority of situations.  

What made you interested in investing in this type of deal?

This property isn’t in an A class neighborhood by any means and really just looking to update enough to be able to be livable.

They've mandated its demolition but have allowed me to build an even larger addition (500 sq ft).The city is requesting building plans for this new addition.

You need to remove this tenant.

This is a supply-demand function.