I know some tourist locations are cracking down on how many short term rentals are allowed... does anyone have some insight into the current outlook in Tahoe?

In his place I will buy a $400,000 property with $5k-$6k rents. 

i googled and found this thread for example.https://www.biggerpockets.com/forums/52/topics/1198212-purch...i have questions for you - do you already own, or are you renting? 

Hi Jake, DSCR Loans are a great way to get started if you have a property in mind that is ready to rent once purchased or possibly even has tenants living in it.

The space is not very big and I am thinking that more people would be interested in renting it if the bed is there.

Most property managers I know don't charge rent or owner payments fees.The important thing to remember is that a good PM does much more than collect rent.

We also had the lowest "shelter" reading in a long long time, of 0.3% for rents and OER.

.- Maintaining Property Value: Renting to reliable tenants who pay on time and take care of the property helps maintain its value.

This could involve a right of first refusal for the other party, buyout terms, and a method for determining the sale price.Rental and Use: Define the rules for renting out the property or parts of it, including how income and expenses will be divided.

There are two things that give me pause in trying to recreate our original success.1- Location, location, location... and how that translates into occupancy.