For this, the learning is done by continually talking with people in the market you are looking and similar deals.  

We require them for any tenant over 18 years old.

For almost $100k a lot you want a pretty high NOI to make sense of it, like over $300k IMO I agree.

When you start asking the question, where are we going to get more housing for all of the 20,000 people moving to our valley every year, you look around and say: "I guess I will".Our first project has been over 3 years in process with a handful of friends and my Dad as the primary investor, we are ready to break ground on 17 units of townhomes and multifamily units for sale in West Boise.

I would buy in the best area you can afford, to hopefully get appreciation over time.

Home prices have decreased over the last 18 months so there is lack of good options and values still above normal. 

I was lucky to split the sales over 2 years, so the first ~80k gain is tax free and 80-480k was at 15%, which I was able to take advantage of twice.

I’m very glad to be here to read the blog &  continue learning from pros like you all!

I have three right now that its time to get rid of as they do not fit our model nor do I want to take the time to continue to manage these (even with a PM).

Great you take over a loan but why?