Also use your monthly income/debt to your full advantage. 

There are areas outside the Tahoe basin with a short drive that can provide for solid short term or long term income streams and still pull in the Tahoe goers.

Yes I often hear PPR and DLP in the same breath as they both seem to offer solid income with fairly low risk.

You also don't have to pay state tax on income. 

The only taxes I remit directly now are the tiny town tax they implemented of 1%.I just take my net income spreadsheet and calculate the 1% and give them a check.

I needed to find a passive real estate income stream that would work within the IRS’ self-directed IRA (SDIRA) rules.

One other thing that people in their 60s can consider is - if you are planning on taking Social Security and making passive income part of what you live on, rental income may not count as income against your Social Security benefits.

If investing in real estate was easy, everyone would have passive income.

Is her goal to be nice and provide some of the gains or reduce her taxes by trying to split income between her and her ex?

Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.