I renovated the empty unit at closing helping increase income immediately and the exterior is about 60% done now, just need to do the curb appeal aspects and re-foam the roof. 2/4 air conditioners replaced.

Man, there are so many fun answers to this question.I'll assume that you don't have a job that provides a thousands-per-month surplus.I'll assume that you don't have a RE salesperson license, and aren't a contractor.I'll assume that you don't currently live in a multifamily property.I'll assume that you don't have a credit score over 700.I WILL assume that you live in a home that you do not rent.I WILL assume that you own a vehicle.If you're just looking for ways to make money appear from the air with minimum effort, clean out a spare room in your house and but that bad boy up on Air BnB. 

Water leaking can cause mold issues, which lead to expensive mold remediation and mold restoration.Due to the desert hot temperatures, Air condition is another common repair issues in Las Vegas.  

Rent out the individual rooms etc roommates, Air BnB?

what are the down falls to air bnb from those with experience of this type of real estate? 

Tourists flock here year round (great for Air B&B) and there are 80-90 people relocating here EVERY DAY - they all need someplace to live.

Beach front condos to establish as Air BnB locations.

The list of things completed $350 - Dumpster rental$0 - did myself laber tore out old kitchen and put in New kitchen$3200 - Replaced all kitchen cabinets (find a contractor friend that can get you cabinets at cost.. saves approx 50%)$1200 - replaced Refridgerator, stove, microwave, added dishwasher, washing machine, (Nicks Used appliances came with 90 day warranty)$3500 - added central Air and had some duct work done. $250 - Paint entire inside of house. $1200 - new carpet in 4 rooms$150 - Updated Kitchen and bathroom lights. $350 - Vinal plank flooring in Kitichen ($0 in Labor did myself) Other Misc stuff including replaced all outlets and covers, closet door replacements and ??

It’s only a couple miles from hill air force base which helps the economy but does have noise associated with it in some areas. 

Your potential profit will get reduced by the  waste and lack of accountability of the tenants as they are “already paying for their utilities with rent” type of mentality, so expect high Utility bills.I made this mistake in my first property - had a duplex with one electric meter and refrigerated air on both units.