This might be easier to handle between tenants.Market and Economic ConditionsMarket Fluctuations: Be prepared for potential fluctuations in the real estate market that could affect property values and rental demand.Economic Factors: Consider economic factors such as interest rates, job market conditions, and tourism trends that could impact the Tahoe area.Exit Strategy:Backup Plans: Have a backup plan in case your circumstances change, such as if you decide not to move to Tahoe or if the rental market becomes unfavorable.Sale Considerations: Understand the process and costs involved in selling the property if needed.

How do you think AB-968 will impact the overall fix and flip market in California?

The shorter the prepayment term has an impact on increasing the rate.4.

Hotels typically do this for cost savings, but they also may do this to prevent guests from setting temps that could impact others on a floor or adajacent room (my assumptions). 

This may impact the opportunity for winter STR there so take that into consideration.

The housing market here tends to be significantly more expensive compared to other regions, and this definitely impacts renovation costs as well.Given that the home I am considering is around 3000 sq ft, the $250,000 renovation budget might seem more reasonable, especially in CA.

For the most part, it's probably pretty close to a wash in the short run, but your long-run plans will have more impact.

I know Colorado has been expediting a lot of climate related issues which is impacting home insurance coverage, so maybe just make sure to research that extensively before buying there.

I sold my largest MF on contracts, otherwise my tax bill would have been enormous. 

Economic Factors: How do you think  economic conditions will impact our market?