I’m not as familiar with the market here and if it’s too big of a risk.

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

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

Would this be a similar approach for something like a Home Office deduction?

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.

It is an off market deal, and is fully renovated in 2020.

Since your passive income currently covers your living expenses, there are a few extra layers you want to be sure you have someone with the analytical experience to guide you to the proper approach.

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

The partnership with Seth Choate exemplified our collaborative approach to maximizing property value through strategic investments.

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