Private lending may sound risky on the surface, but it's actually a very safe, secure position.

I think a partner would be best at least on surface value as you have a TRUE partner who has a stake in making the deal work out.  

When he did surface he wouldn't give any updates other than he was checking on things.  

On the surface it is a property I would definatly liquidate based on solid business practices.  

Following the form boards, the plumber digs and installs the drainage piping.

Running cables/power lines underground before putting down your drive surface) This will allow you to add later without having to tear up your drive and will expedite installation at a later date. 

There is a drain line plumbing vent for pitched roof with a roof termination that is less than 6 inches above roof surface.

My main forte' is vba development in Excel. i sent a compiled list of questions (i found around the net) to the seller, the main one being i need a rent roll and some sort of documented expenses.I don't plan on rushing into this deal, but on the surface it looks pretty attractive, and if it is, i don't want one of you hard workers snatching it up before i can get in my due diligence. how i see it currently is Bad management + small property improvements (paint/covered walkways)  = potential for raised rent and increased profit margins. 

But, Tahoe is tricky, the past few winters have thrown a lot of abnormalities in the rental rates and with VR permitting laws/regulations surfacing all over the lake causing additional anomalies in the market. 

Most of the time it's a matter of dealing with surface water on the outside (correct pitch, downspout extensions) or drain tile (a bit more involved) and bracing.