Don't forget to factor in seasonality. 

Are there any seasoned multi-family property investors in the area that I can underwrite investments with?

Go out and find deals for seasoned investors and you will make some money but most important learn from a pro.

Hi BiggerPocketers, Hope everyone is having a fun-filled holiday season! 

We are 50% booked for our season with bookings in April as well.

and it seems like the town's hotels/motels book out in the summer season (May-September) and have more lean months in the winter.

@Greg Bond You can refill after 6 months of seasoning

Below is my projected revenue for a ski in/ski out 600 sqft condo in Breck: Total Peak Season (% of Total days) Off Season - (% of Total days) Occupancy - % 55% 80% 20% Occupancy - Days 200.75 160.6 40.15 Avg.

And you should note as I type this that the people above are much more experienced than me and you should probably trust what they say over me.I know that checking airbnb/vrbo calendars is the method of choice around here, but I think most of the people here that do well with that are in less seasonal markets than Tahoe (which may give some indication of how the Tahoe area is as an investment) and have experience doing it in years that are not major outliers due to Covid and hence are more predictable.I think checking calendars runs into issues when you talk about seasonal areas, and doubly so when you talk about a completely not normal, outlier year.Seasonally, I'm sure looking through Tahoe calendars they look great right now with the holidays and ski season starting up. 

If you can't think of 5 more risk factors, you shouldn't use a margin loan.I have answered this question several times in the past week or two and it is telling me folks are looking for a magic bullet(not saying you are) and this is scary.