A loan officer will be able to run your situation as if you had hit those two years even before then unless your income drastically changes in the next couple of months.

Favorable landlord/tenant laws, taxes do NOT reassess on the sale, land constraints with lots of demand, tourist destination (Lake Tahoe) right next door, consistent job/population growth, very minimal amount of pests, etc. 

I would recommend running it through a Real Estate Attorney to ensure that's still the case.

We can look up ownership on the county records here, I suggest you spend a few minutes trying that, but it's even safer to have a title report which runs about $65 to $95.

I have door alarms that start beeping after the door has been open more than 30 seconds. 

I would be hands off, and let them run their business how they want to, since they are the experts.

(Make sure you have vacant property insurance, standard insurance won’t cover an unoccupied property for very long.)As long as you haven’t used it personally I’m sure there we situations where you buy a property (imagine a very run down unlivable property) for the land or the possible appreciation.  

Run some numbers there.

He eventually started his own syndications.There are many syndications that are reliable: Open Door Capital, Wellings Capital, Ashcroft Capital, etc.I recently invested in a winery/wedding venue.

Lastly, when you are running your ROI calculations be sure to also consider market appreciation.