Median Price: $699,900, +7.68% Yoy.Closed Sales: 4,105, 7.55% Yoy.YTD Closed Sales: 17,109, -0.50% Yoy.Inventory: 6,121, +34.14% Yoy.YTD Inventory: 27,419, -6.69% Yoy.New Listings: 5,203, 8.67% Yoy.YTD New Listing: 25,440, +7.73% Yoy.Months Supply: 1.9, +46.15% Yoy.Cumulative Days on Market: 27, -10.00% Yoy.

CRE retail has good fundamental outlook next 5-10 years due to lack of supply.

Some cons investing in Tahoe :- the reservation ratio are not that high as supply is abundant- the limited number of STR permit makes them challenging as we can only invest in certain geographical location.If I really have to buy in South Lake Tahoe I would just buy single family, rent it as LTR, and then I place an RV or buy only house with ADU so I don't need to deal with STR-crap LOL....

It sounds like there are problems regarding infrastructure like roads and water supply.   

This increase provides more choices for buyers and encourages competition.Months Supply of Inventory: Inventory supply jumped by 50%, from 3.0 to 4.5 months.

This increase provides more choices for buyers and drives competition.Months Supply of Inventory: Inventory supply jumped by 59.3%, from 2.7 to 4.3 months.

This increase gives buyers more options, making the market more dynamic.Months Supply of Inventory: Inventory supply jumped by 33.3%, from 3.3 to 4.4 months.

Even though this factory has supplied homes for assembly in the US, the building codes are very local. 

One became an enterprise, one became a veterinary office, one got demo'd and had 10-15 townhomes built on the property, and there is one in my neighborhood that has been for lease for a couple years now and still vacant (not sure if the owner is really just land banking it, since he owns the adjacent property too, a former medical supply store).All that being said, I do not see this property as being something that will be easy or cheap to re-lease.  

Running a self-service car wash may not take much in the way of experience but as noted above, there are a number of maintenance/supply issues, etc.I would also strongly recommend getting tax return information for historical performance.