Reno / Tahoe area offers opportunity for appreciation with CA population influx, tech companies moving offices and factories (Tesla) to the area, and building limited by the surrounding mountains.

Although no single factor is determinative, the combination of several factors supporting a particular result is sufficient for a court to decide whether a taxpayer held property for sale to customers in the ordinary course of a trade or business.

CA is lame 

Some people tout the billions of investment in chip factories, but those employ very few people, they're highly automated. 

Very good tax climate, and landlord friendly combined with strong economic growth with tech companies like Apple and google building data centers, Tesla is building the semi-truck factory and a exodus from CA of people all point to strong signs of appreciation. 

Railroad tracks, nuclear power plant, factories, good schools, etc.  

The factories charge more for new homes with Gas its like $800 more.2.

Another important factor is to know the grade of the neighborhood given property is in.

It's hard to quantify that factor. I

Yeah, that is STR’s risk factor. I