Some people say buy the location and it doesn't matter the cash flow because appreciation.

Have plenty of cash reserves but want to keep them on hand for any potential problems that may arise.

Too many people - not enough beds, and such.  

Thank you in advance.Tim and KristinaHey Tim, sounds like you have a great problem on your hands:-) I'm currently working with other high W2 earners with a similar agenda.

@logan @Logan M.don't tell these people the truth we don't need them in our niche, no competition is great 

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

When people say I am going to do the renovations myself, they usually mean doing everything without proper permits and then they get screwed when they go to sell.If you can find a house hack where the side you will live in needs cosmetic, direct replacement (no permits) work, that would be ideal because you can do both by living in and soft-flipping your side while getting income on the other.

Then I call a couple more people and get a couple more no answers or not interested and then I get a hold of this lady who right off the bat was very polite very sweet and we hit it off right away.

(with conservative assumptions on annual appreciation - 2%, and annual rent increase - 1%, as well as 5% vacancy/maintenance).I see so many people say they only go for properties with at least 15% cash on cash returns, which seems extremely difficult in this market

Or is it more due to the stereotypes around people on Section 8/the other tenants are paying a considerably lower amount every month?