Generally speaking your bedroom needs to have at least 70 square feet of floor space (if more than one occupant in the bedroom need a minimum 50 sq. ft. per occupant), ceiling needs to be at least 7 feet tall, can't measure less than 7 feet in any horizontal direction, needs a heat source, a light source, an emergency/rescue opening, its own door (can't access it through another bedroom), and many people will say it needs a closet (the IRC doesn't have this requirement, but many appraisers use it as a bedroom requirement).If you want to read through the code yourself, I've copied it below:IRC- SECTION R202 DEFINITIONSHABITABLE SPACE.

That doesn't stop someone from jumping through all the hoops to get a showing and then spring the "oh I just saw you don't allow pets, I have an 8 lb [piss and poop machine] that is very well behaved, do make exceptions?"

That also doesn't even touch on the role of options in the whole show. 

According to David, Jim wants his nephew to flip the house, but the nephew doesn't have time and doesn't know where to start.

Also, the VA loan doesn't have mortgage insurance at all.

Home style doesn't usually matter unless it's an emotional investor.

There is ANOTHER petition circulating that will confiscate the permit of any property that doesn't generate enough Occupancy Tax in a year.https://www.tahoedailytribune.com/news/petition-seeks-to-tighten-south-lake-tahoe-vhr-regulations-maintain-current-cap/

At the end of three or five years you would have to pay that off in full.Unless their offering something better than implied by what you wrote this doesn't seem very exciting.

I mean, if all they do is call the cops and wait 3 hours for them to show up, and hope the guy doesn't disappear, that's not that useful...How about other surveillance options?

If my property is going to be worth $100/night to a traveler, it doesn't matter whether I charge $75 and VRBO collects an additional $25 from him, or I charge the traveler $100 and then VRBO deducts the $25 fee from my payout.