Evaluate the people behind the investment, analyze operational processes, and understand market dynamics.

Also I think big agency reports like zillow will be what people want you to accept and they just aren't complete in my opinion.

Also, I have been extremely dissapointed with how high prices are to have people work on stuff, and then the cheaper guys seem to have horrible work quality. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

People are happy to answer, even if you are new.

Hypothetical 1031 Exchange question here for one entity with multiple members: If you have an LLC with three people in it holding a rental and all partners decide / agree / vote to sell...

I personally don't think that will last if rates drop and people jump back in, so I'd say reinvest while prices are "low" right now. 

There is a TON of need to long term rentals in Tahoe, but a lot of people here can't afford really expensive rentals.

I have a meeting with a lawyer in the next few days but I thought it was prudent to also ask for help from people who have already done it.  

As stated, this is not my lane in the industry.That's an example of why some people get trained.