In RE terms, condos are the poorest performing segment. SFR's are where one captures appreciation. Commercial storage for the cash-flow and relatively hassle-free management.
If I was a retiree with no tie downs, Las Vegas may be the way to go!! I'd wait till the middle of winter...No buyers. Maybe wait for another wave of Covid-19. If you could work from home it could be a nice choice. It does NOT appeal to me. But for many...It looks like a great value. Realtor.com Las Vegas...Have a look. https://www.google.com/url?sa=t&rct...Las-Vegas_NV&usg=AOvVaw2dA-Z9Bm9EaZFxsUXgn30q
The only thing I'd worry about in Vegas (down the road at least) is water; as crazy as that sounds. I mean who knows, but this climate crap, be it man made or otherwise, is nuts.
Given those two choices or nothing, Condos come with fees, taxes, liabilities, tenants, complications. What would a mgmt co charge to fade that crap for you, how much left after that? After shopping a few mgmt co's Ba prob what I'd do. That'd give a reason to get good at selling option premium against it and develop a skill in the trading genre that scales up, vs tenants and toilets at a distance.
A quick read if you are interested... https://www.google.com/url?sa=t&rct...-the-nation/&usg=AOvVaw1zpi-mfzC-vPnUv2LafJqd