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My parents had this place built in 1988, after buying the lot 10 years earlier, and waiting year, after year, for the building permit lottery.
Dad said that he wanted the house to "stay in the family, never to be sold."
Without airing all my family's dirty laundry.....
Dad passed 20 years ago, Mom remarried, 2nd husband somehow managed to change the Trust so that the Tahoe house would be sold after Mom passed. (which she did some 20 months ago).
Tahoe was to be sold.
I went through 5 attorneys over 14 months, "broke the Trust", and got the Tahoe property back into my family name. (out of the 2nd husbands name)
It's always been a "weekend rental", for family/friends/and friends of friends.
At $125.00 per night, it's always lost money, at years end. And now City of Tahoe pass a new ordinance of $600.00 per year to have a rental property.
It's a 5 bdrm/2 bath home, so if several people use it at the same time, it's not a bad deal.
I still cannot get information (from 2nd husband and Trust Attorney), on what/how much it has lost yearly in the past, so I do not know what I have got myself into.
I will continue to rent it at $125.00 per night, and the place will most likely continue to lose money each year.