There is active legislation against short-term rentals in South Lake Tahoe.

Hey Katy,I was thinking -and granted I'm not a legal expert, let alone versed with international- however, could you slide the month-to-month up over the course of six months?

Burbach & Associates, Inc James R Burbach, MAI is Texas basedMy favorite and trusted source: Bruce Nell MAI, MRICS, MICP at Colliers International

I have seen posts on IRR (Internal Rate of Return) CoC (Cash on Cash return) ect....Has anyone tried to calculate the total return on an investment property? 

Internal Revenue Service, or received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;I am unable to pay my full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, lay-offs, or extraordinary [38] out-of-pocket medical expenses;I am using best efforts to make timely partial payments that are as close to the full payment as the individual's circumstances may permit, taking into account other nondiscretionary expenses;If evicted I would likely become homeless, need to move into a homeless shelter, or need to move into a new residence shared by other people who live in close quarters because I have no other available housing options.[39]I understand that I must still pay rent or make a housing payment, and comply with other obligations that I may have under my tenancy, lease agreement, or similar contract.

Investing in Minneapolis right now with our current legislation is tough and does not appear to be getting any easier.

Just purchased anotherWe are internally funded, we are playing the retail / MLS game currently and it's working so far but the profits could be a bit better. 

I used to fly into town for 4hrs each week only to check the progress, that's for commercial with larger budgets but the principle is the same.Review Contract:  Especially if it's their internal team, you must review the contract to make sure there's enough heat to make them sweat. 

Internal Rate of Return - use it for investment decisions. 

@Fan Bi it's all just speculation and I agree, you can't sit out of the market entirely, but I will say I was a lot less cautious in 2013 than I am today.Unfortunately, as human beings we are inherently imperfect prediction machines - whether it's real estate prices / cap rates, Federal reserve interest rate moves, the stock market, inflation/deflation, tax/economic legislation, etc.For any one of those factors in isolation, we might be able to make an educated guess and be mostly right, but combining them into one big soup and your guess is literally as good as mine or the next person's.And then to further complicate things, the right answer for you and your situation might not be the right answer for me and my situation, or someone else and their situation.It really does end up being as much of an art as a science, and makes me think most predictions I read online - including my own - are probably not worth the paper they're printed on (pun intended).