Create the biggest circle of influence as you can.

Boise and Nampa home values have increased in value substantially over the last few years.

I have some but don't think it would be substantial. 

I agree that the PM can't live next door, but I'm blown away by the fact that a renter would think it's okay to make a substantial change to the property (covering up the grass with gravel) without even asking. 

How would this influence your decision? 

If there are substantial changes in the rental market, then the company can adjust their policies to reflect the change.

They should merely be providing you their best options available for your needs and not attempting to influence your decision making.If your goal is to expand your portfolio, as good as having that additional cash flow sounds, it completely counteracts the option to grow as it will significantly impact the cash you have on hand for future down payments.A HELOC or home equity loan is a cool arrow to have in your quiver, but with rates on those products being higher than almost any conventional loan at this point, I would use it sparingly.

2) Remember, the cost to make ready and re-rent the unit can be a substantial amount, especially in strict jurisdictions where you may require a Certificate of Occupancy (= greater repairs and improvements = higher $$$).

@Ben HudmanYou see various answers because one answer does not fit all - just like the raincoat on your avatar.If you do not have other income like W2 jobs, if you're certain to make substantial profit after all business expenses, if you do not mind the extra hassles of running a separate company and a separate payroll - then yes, you will likely benefit from an S-corp that pays yourself a modest W2. 

The townhome is currently estimated at over double my purchase price, so there will likely be substantial capital gain once it sells.