Thanks @Bradley BuxtonI have done very cursory investigation of the Tahoe areas, but my understanding is that it is not very friendly to STR investment (e.g. limited permits and the potential of completely banning STR's).I currently have property in a mountain resort town that is close(ish) to a metro area so we have lots of WFH employees, but it appears that the market is drying up due to RTO policies. 

I will always love Chicago, but I know I cannot make a good life for myself while being bled dry by the state, having to work even harder and harder for a significant portion to just go to the state.

He is crafting an option (medium term, furnished rental) that seems a little more open to negotiation than a cut and dried rental posting.

Our investing is pretty cut and dry to that of what you describe and I'd be interested to find out how  you work this deal.Using the term "broker" I take it that this is not a JV whereby the partner is purchasing the Note and you are partnering with that person to fund.

Unless paying cash, after all the cash investor dried up, using 25% down payment, how do a typical mom and pop landlord buy a new property?

Although I was able to rectify the sewer issue the tenant would not allow the restoration company to come in and remove contaminated material, sanitize, and dry the place out.  

If you go back far enough on the wholesaling forum, it seems like wholesaling has dried up in every area.

Many banks were opening HELOCs at zero cost back in the day and I read recently that there was a shift by banks back to HELOCs now that the refi business is drying up.

If it's your first rehab, it will certainly cost more than you plan, your electrical guy won't show, your plumber will have you way down on his list so the project will just sit for a while, your sheet rocker will have to wait until the rains stop because the mud won't dry, your inspection will fail and you'll have to redo that, your refrigerator space in the kitchen will be two inches short because the counter is bigger than you thought, then the door of the refrigerator will swing the wrong way and you will have to figure that one out too. 

Staining sucks, you’re wiping it onto a floor, and poly can be pretty complicated drying process.