How are the property taxes in Nevada; fair, high or low? 

The price seemed reasonable but apparently it is too high.

Do like any wholesaler and market to high equity properites in you "buy box".

Being a builder, my first thought goes to the construction type items: Tile or wood floors, vinyl shower kits, high quality wall paint like Behr Marquis, solid wood furniture, good appliances not cheap rental ones, easy to maintain yard outside like DG, artificial turf and gravel. 

Not to mention the paperwork pain involved with each claim Any thoughts on just not having any insurance at all, or just some sort of liability and really high deductible ?

Market the property effectively: High quality photos; video; competitive buyer agent compensation; marketing to agents via email, social media, broker Open houses; etc.You and your agent may already have this covered!

I realised that I have clocked up a bunch of hours performing activities that lead to buying my house.

Many of the other nearby homes are larger, so I thought the demand would be high for a furnished 2BD. 

You get easily 5,25% with short duration bills that are highly liquid, without risk, and no tenant troubles.

The cost of entry is low, and cash flow is high.