Since you’re considering Tahoe, where you might use the place as a short-term rental when you’re not there, it’s also good to outline how you’ll handle personal use versus renting it out.I’ve seen folks succeed with this by treating it like a business, even if you're all friends.

The extra HELOC payment can cause negative cashflow, leading to possible foreclosure and/or bankruptcy.Should you pursue RE investing?

We're picking up extra work, multiple side-hustles and cutting living expenses... what am I missing here?! 

I've got a clsoe contact.. a seasoned realtor down there who's helped investors navigate the post-storm market successfully.And hey, if you ever want to chat about investing in other markets like Phoenix, where I've been helping folks find great opportunities, or even places like Austin and San Antonio, I'm all ears.

Will hopefully revisit in a couple weeks when I have better clarity from the folks.

@Alethia Hines I don't have any direct experience, but one person I know that did have success in this sector had made great connections with city county folks.

That way, if something like this happens again, both you and your tenant will have extra protection and support. 

., curfew, no nights out, extra chores, eviction, etc.AH, eviction.  

I work a 9-5, am married, and have 2 kids under 3 years old so I don't have a ton of extra time to actively find, fix, and flip properties.

If everything else checks out we ask for an extra deposit or advanced rent.