If you indeed want to just be involved in the deal and thus want your piece of the pie too, then it would be approached as a regular transaction where you're only owning 25% of the property and thus the lender would collateralize your portion of the asset. 

bump for more opinions....I see them post their ads regularly on facebook real estate groups... 

People who regularly measure their net worth have a larger net worth than those who don't track it.2.

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.  

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.

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

Due to the upkeep and expenses of the land I would probably only go after it if you think it's a sure bet to sky rocket or it will present a development opportunity down the road.

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/