Be aware of local regulations and potential restrictions on short-term rentals in the Tahoe area.Property Management: Decide if you will manage the property yourself or hire a property management company.

If the home is OK to be zoned for used mobile homes, you'd have to check on any restrictions (i.e. size, age, etc). 

Even though you'd be getting into the deal with $0 down, you should still have enough cash (or availability to access cash) to cover the worst case scenario of a tenant who immediately stops paying after you close on the property and requires you to complete an eviction action against them.To your second question, I'm sure you've heard it before, but the 4 main ways you make money in real estate are cash flow, appreciation, debt paydown, and tax benefits/depreciation. 

I have the balance sheet to acquire financing, and I have access to a lot of capital.. so I partner with great operators on the residential side, where they bring the deal, handle project management, & act as boots-on-the-ground, while I bring the money & can offer mentorship/guidance. 

I've stayed in both hotels and Airbnbs where they restricted how low or how high temps would go.

When looking into it briefly, it looks like Mackinaw City, Traverse City, & Petoskey are the most restrictive on AirBNBs whereas Boyne City and Harbor Springs allow them with a permit, any information on how difficult it is to get one of these permits for an out of state investor?

Working with mortgage brokers, gives you access to multiple DSCR lenders who have different guidelines depending on the lender. 

Stone Oak:- Strong Demand: Stone Oak continues to be a popular choice due to its reputable schools and convenient access to major highways and businesses.- Market Insights: According to Zillow, home values in Stone Oak have been steadily increasing, indicating strong demand.3.

To attend his mastermind and get access to those things he offers he said it was $2,000 upfront then $747/month.

Though self-direct rules allow a broad range of investments, these companies restrict you to their stocks, bonds, mutual funds, etc.