You may need a permit however.

I currently own a vacation rental in South Lake Tahoe and I am concerned about this permit cap.

An Extra security deposit?

They are just be extra careful.

@Miranda Martz where did this extra 2017 money come from?

I never wound have thought to go that extra step.

The extra equity is supposed to come from the (35%+) difference between what he/you pay for it (all-in), and what it then appraises for.

I know I'd need permits to add an additional driveway over the drainage ditch between the road and I've already contacted contractors and the county for water and septic information so my main concern is the separation of the land I want to keep using from the tenants. 

So if you're talking BRRRR vs turnkeys locally, I'll throw some extra thoughts in there.

We have people stay in extra rooms in our own residence and we also have a full time rental for STR.