Other expenses such maint, and capex would go into a pot and used as needed.

On the other hand you are really looking for at least a 5 year note at 4% interest, and to sweeten the pot you'll buy it at $165,000 for those terms.

But man, when they do bite, you'll feel it.I see posts on here from landlords all they time that cause me to think to myself, "Man, if she ever gets a lawyer as a tenant, she'll end up sleeping on a park bench."  

If I were looking to flip in Boise right now, I might be looking in the West End of downtown,the Bench Depot area, or even the North End if budget allows (caveat:  I wouldn't venture into the North End unless you truly know old homes and City of Boise code)   Because comps vary wildly in each of these areas though...it is critical you study the market street by street.  

I even remember one time ordering a 2 lobster crab pot at Joe's, it was out of control and this was only lunch not to mention the other crazy things we did, which I'll elaborate on much later. .

Being from NYC we are a melting pot.

This place will be a bench mark for your second place.Good luck and keep us posted about your new adventure

I tried to explain how our LED pot lights are not actually dimming to one of the electricians a couple of months ago and, by the look on his face, I'm sure he thought I was smoking pot.

And, of course, there is always the chance the seller would be willing to decrease the cost of the property and  take another note on the remainder if you were willing to sweeten the pot somehow.

You want to upgrade your units to be able to charge that price and that is your bench mark: $700*100=$70K/mo gross potential rent.So, your immediate economic vacancy is $70K-$57K = $13K/mo or 18.5%Now you take your new gross potential rent and subtract physical vacancy of 10% (long term assumption), 2% for collection losses, 2% for bad debt, 1% for non-revenue units and concessions.