Making 3k on a deal is not the time to scale up, it's the time to dig deeper and figure out why you didn't make 10k and where you can adjust to make 10k next time.

If the monthly rent is more than 1% of the cost of the property and needed repairs/maintenance then its worth a deeper look.This is called the one percent rule. 

Start digging deeper on BP blogs from multifamily investors, listen to the podcasts, listen to an audiobook or two, take people within a couple hours of you to coffee and make connections, learn learn learn!

Does anyone have any deeper knowledge on the Truckee market? 

So now you've got to figure out which area of a town is MU-1 before you can go deeper and see if there are any homes even worth trying to make work. 

Once you identify an area with reliable development (and now have a potential buyers list of developers) you can start digging deeper and looking at what parcels are selling for more and why (zoning, water access, lot size, etc).

I've seen this before where it looks like an astronomical assessment, but then when you dive deeper into the numbers you'll soon come to realize that taxes just weren't paid.

As delved into it to learn more, I found that these loans are virtually non-existent anymore?

There a plenty of good rental in the market, most with tenants in them.It's natural to assume there is a big mark up on turn key properties, but here are some reasons you don't always save doing it yourself:* Turn-key companies are buying at much deeper discounts through auctions, tax sales, direct through distressed owners and buying with cash.

A few years of that coupled with the fact that rents definitely aren't going up 5-10% every year consistently and you'll be digging yourself into an even deeper hole if you started out with negative cashflow.