I understand there are many other criteria to analyze a property and market, and I will use all available statistics. 

@Jonathan GreeneI agree - I like to offer an alternative option which can be negative and I get plenty of private messages of me being mean, out for people etc.As an example, I am Sorry, but my opinion is if you get 100% financing I think it is ultra high risk especially for someone new to real estate.

Does anyone have any experience in this very pricey market of NJ/NY/NYC?

Also looking to see more seasoned investors thoughts on these deals and markets and figure out my next steps.

Here are some key considerations and potential pitfalls to keep in mind as you plan this approach:Market Research and Property Selection:Local Market Conditions: Ensure that the Tahoe area's real estate market is stable or appreciating.

If a room has their own bathroom, obviously that would not be part of the cleaner's responsibility as they would not be entering any of the private spaces.Renting by the room will get you more money, but will also require more work on your part as there will be personality clashes (do not get involved in those).

@Shannon L Fogarty the tried and true technique here is to ask other investors in your market who they are using.  

I predominately work with out of state investors looking for cash flowing rental property in our market. 

Different markets have different strengths, and as I understand Detroit is a strong market for cash flow. 

However, I am trying to accomplish this task by purchasing under market value (every investor dream).