•   Part of the county shows moderate decline in Zillow home value index (~-2.6% over past year) depending on sub-areas.

Replace roof, fix soffits, and removal of a moderate amount of overgrown shrubs.

Along with that you need to keep risk low/moderate (don't bet the farm with a family). 

.), while renting at a moderate deficit is a controlled, limited loss that might preserve your upside.

A new Limited cancellation policy was also introduced which is in between Moderate and Firm.I was just reviewing my comp set of ~15 larger houses on Tahoe's north shore.

I'm a moderately experienced investor and I self-manage.

Properties here are more accessible than in coastal California, enabling cash flows with yields often exceeding 7-10% after expenses, supported by moderate appreciation and investor-friendly policies like flexible DSCR financing.

There are a few things that can help it +/- based on property type alone or number of units.Building moderate or even using Modular versus Manufactured for example can be a huge difference in future equity and rents.

Quote from @James Hamling: How do we get @Moderators to pin this thread to top of forums like BP notices? 

@Collin Hays collaboration used to happen and then they moderated too much to where people couldn't post much or really network.