There is a TON of need to long term rentals in Tahoe, but a lot of people here can't afford really expensive rentals.

(with conservative assumptions on annual appreciation - 2%, and annual rent increase - 1%, as well as 5% vacancy/maintenance).I see so many people say they only go for properties with at least 15% cash on cash returns, which seems extremely difficult in this market

But 1500 per month isn't that expensive if it helps you motivate, analyze, close and properly operate a self storage business it was just an investment in your growth towards your goals.

Welcome to BiggerPockets communityIt is filled with resources and a plethora of knowledgeI wish you all the best in your real estate journey.Nextdoor.com is a good place for local people recommending local people.

Welcome to BiggerPockets communityIt is filled with resources and a plethora of knowledgeI wish you all the best in your real estate journey.Nextdoor.com is a good place for local people recommending local people.

If I were you, I will buy a house with cosmetic work and learn the business first. 

When people say I am going to do the renovations myself, they usually mean doing everything without proper permits and then they get screwed when they go to sell.If you can find a house hack where the side you will live in needs cosmetic, direct replacement (no permits) work, that would be ideal because you can do both by living in and soft-flipping your side while getting income on the other.

It's an unnecessary expense to operate the business.

Along with my 2 business partners I buy & build small micro-resorts and unique vacation rentals across the Appalachian region.

A self-directed 401(k) plan offers the small business owner one of the last significant tax benefits.