I'm having the same problem over here because of tip income (casino table games dealer) and being only a part-time employee.Hope it turned out well! 

Newer investors should restrict gambling to the casino and only use the money they can afford to lose, but older more seasoned investors can afford the risk.

The $750,000,000 stadium in Las Vegas for the NFL Raiders. 

I tend to avoid the areas by the mall, casino and down S.

If you're living there, you're kind of in a good place between having good shopping plazas nearby, highways, the new casino, if you're able to live for free (in this market especially) it's a good deal in my opinion.

I'm based out of state and interested in getting into Vegas during the potential downturn, as I'm bullish on the market long term once tourism returns.What areas in Vegas do you invest in and why? 

Here unlike Vegas people typically provide their own window AC and most would probably rather have the microwave and dishwasher then a window AC provided by the landlord. 

Vegas and Pheniox before it... takes one good oil bust and down it goes like other cyclical RE markets...

Before I continue, know that I am a Realtor in Las Vegas and my practice is almost exclusively remote investors.

I use to drive 45 minutes to work every day when I lived in Las Vegas.