Partner Driven financed the E Holland Ave deal using its own capital, covering the $175,000 purchase price and $40,800 in renovation costs.

Another thing I'd highly recommend is talking to property managers on BP to get some feedback-- it's probably very rewarding and can produce income without many starting costs, but it does come with headaches.By thinking about your next steps, you're already on the right track.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

This might be easier to handle between tenants.Market and Economic ConditionsMarket Fluctuations: Be prepared for potential fluctuations in the real estate market that could affect property values and rental demand.Economic Factors: Consider economic factors such as interest rates, job market conditions, and tourism trends that could impact the Tahoe area.Exit Strategy:Backup Plans: Have a backup plan in case your circumstances change, such as if you decide not to move to Tahoe or if the rental market becomes unfavorable.Sale Considerations: Understand the process and costs involved in selling the property if needed.

Giving up a bathroom at first and maybe a room later to increase this area demonstrates a calculated approach to realizing the full potential of your property.It's important to think about a few important elements before making any selections.

It has a strong potential for cash flow and property values are steadily increasing.

also, you are correct about the $4500 upfront cost.

With increasing wildfires throughout the area, you can expect homeowner's insurance to be significant. 

Price may increase when we retire , I am thinking the same hence I am buying it now not when I am retiring.

I understand your point, but many people do not realize that the reason for the increase in insurance premiums is due to fraudulent claims.