Strip-adjacent STR speculation (deep value)

Older properties marketed on paper for their proximity to the Strip and headline vacation-rental yields.

Clark County and City of Las Vegas short-term-rental rules are among the most restrictive and litigated in the country - many such plays are non-compliant, and enforcement risk plus the tourism-concentrated economy make advertised STR returns unreliable for a remote owner.

Investors who understand that the highest advertised yields often come with the highest execution risk.