If not, its iffy, have seen it go both ways, but the long time that it has been verifiable (1972) speakes strongly in your favor.

Hi Everyone,I'm looking into purchasing a short term rental in South Lake Tahoe.

For a property like this, even in California, I would anticipate at least a +7% CR.Additionally, betting on appreciation is speculative and not the best approach to long-term investing.

A squatter is not on your lease or subject to its terms.

The opportunity for outsized profits versus LTR always exists, because it requires much more work in terms of marketing, maintenence, cleaning.

I think as long as you let them know you are providing services and will get paid for it.

If you plan on staying long term lower down payment is not as meaningful as it is if you only plan on staying for a few years. 

I'm Joey Prainito from Long Island N.Y.

Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.

In the next part, we'll talk more about how to get along with sellers and negotiate, looking at how powerful good communication and using relationships to get good terms can be.