Don't even bother with condo-hotel
Condo-hotels ... ugh -- and at $1,000 per square foot! I marvel at the consummate gullibility of a trusting, easily exploitable and greedy American consumer.
While I don't offer guarantees, I'm going to make an exception in your case and give you an outright guaranteed maybe that today's value of this condo-hotel in Las Vegas will be a heck of a lot less when you try to sell that property six months or a year later. I will also give you an absolute guaranteed maybe that your interest costs, insurance expenses, maid service, condo fees, real estate taxes and maintenance can exceed, by orders of magnitude, the rental income you want to believe you will earn.
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