It's the same as if they were homeowners and had to do it themselves..)When I go there, I don't mind doing it if it needs to be done, but hell if I'm gonna do it for them on a regular basis.  

I travel to tahoe on a regular basis and have been looking to buy a property in South Lake Tahoe.

If you have someone who regularly gets their own off market listings you could firm up this sort of deal with them, but lots of times there is an email chain, telephone list, etc. that has been notified about the listing.

You would literally be better off selling and buying an identical home in the neighborhood raising your cost basis.

In addition to being near the street car, we were surrounded by historic buildings such as the Anne Rice Estate House and a variety of the city's highest ranked restaurants that are regularly featured on travel channels such as Shaya.

At your income rate your rental income could be tax free but not deductible against your regular income. 

They offer free webinars pretty regularly so I recommend you check it out. https://www.baselane.com/

Currently, I bike and take the bus to work to save on expenses from owning a car, I meal-prep once a week and eat out only occasionally to save on food costs, and I strategize my regular spending to receive the maximum cashback.Looking forward to interacting with this community and learning more about making smart investment choice.

Planning ahead can be challenging when two nearly identical loans get UW and conditioned in very different ways at the same lender.  

If you were to keep the house as a regular (not lease-purchase) rental, you say you'd earn maybe $800/mo in cash flow.