If you are coming in with 235k, you probably would not need much more, if any, to make the purchase.

I want to purchase an underperforming asset at a Price of X.

Most buy the entry level SFH because its what they are qualified to purchase.  

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 Purchased off-market from a tired landlord, this fix-and-flip involved renovating a distressed property with outdated features and deferred maintenance.

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax. 

I have used HELOCs for probably most of the purchases of the properties I own. 

Have you guys ever purchased a property without physically seeing it?

Purchase price: $940,000 Cash invested: $250,000 I purchased a Self-Storage Facility.

Process is simple. 1. purchase contract2. send contract to title company3. bring cash to closing and you're done