As U state these are small business enterprises and underfunded or not properly capitalized business are prone to astronomical failure rates.. 

That should probably be a limit of 5%.Also, your "closing cost" seem astronomical... 

I think Bozeman might rank higher on the "scenic beauty" scale, but the price growth is so astronomical, that those other markets should get some attention soon.I'm jealous of that fishing trip. 

This seemed to be a pretty good deal even at $20k over asking but that felt like an astronomical amount and we decided to be a little cautious since it'd be our first deal.

It seems to be astronomically different from what I have read in this book and the book 'one rental at a time' (along with things like rich dad poor dad etc) But keen to see all the pieces of the puzzle come together as I learn more.I have ZERO experience in property, I invest in Shares and Crypto and my partner has a 1 bedder (120k owing) that we rent out, We were looking to buy a home for ourselves but the market seems ridiculous atm and anything we had liked (small 3bedder single family home) I just don't think is worth 900+K and pushing our loan plus repayments to the max.

Same with the sewer and roof (given it's a 640 Sqft the roof shouldn't be that astronomical of an expense), I understand what you are wanting to do, but there is no need to repair/replace unless it is an immediate concern.

In the coming days I will be taking the city inspector through the property to see if everything meets code and to make sure there are no astronomical expenses that I am missing.This purchase will definitely be a long term hold for me.

I made light that though it may not be a big deal to some, I was showing how stuff like this creates astronomical damage to others.

This is attainable in California because the housing prices are so astronomical that people that can afford that $2k a month cab’t afford to purchase.

Many lose and lose astronomically.