I think with Boise in particular, and the pacific Northwest in general, positive cashflow is difficult to achieve, especially for an out of state investor since the market is so competitive.Even with boots on the ground, cash flowing properties seem to be a unicorn even when purchasing for 70 cents on the dollar.One opportunity for cashflow in Boise is the ADU play -- new regulations make it more conducive and returns can be 10%+ cash on cash for a property in the right neighborhood.- Kole

Is it possible to fix a soft spot without having to re-do the whole room?

Make sure all parties know the jurisdictions that you need permits/approvals with, and whatever duration you think it will take to achieve permits, probably add 50%.  

If you can't convert the whole place to a LTR, then let it go and find another place.Having said that, is the place split into 2 legal residences?

Whether connecting you with an STR-specific CPA or guiding you through the process of trying to self-manage an Airbnb/VRBO, Host Del Casa is here to help you achieve your goals and navigate the road ahead.

There really is whole STR world outside Biggerpockets! 

ability to use the whole amount and how so ?

I would obviously plan on re-financing when the time is right, which would make the CoC returns look a whole lot better.

@Renay Reese@Nathan G.I used to take the whole “I am a tough guy and can handle myself” attitude until I was actually assaulted by a tenant.

Or ask the third owner if they would also consider selling, so the whole property is sold.Whether a partnership or LLC, follow the Operating agreement.