My biggest suggestion would be to get seller financing and if they won't do it then only buy if its a screaming deal.

Excellent neighborhood that commands high rents.

Thanks  Ask away, there's a bunch of people that will offer suggestions and opinions, then you can decide what works for you.

While estimates suggest higher returns (10-20%) than traditional rentals, additional costs and complexities come into play.

I earlier suggested a guarantor with deep pockets primarily because the situation sounds non-typical, and from a bank's perspective "high risk" so having a wealthy guarantor they can go after would help to mitigate some of that risk for them.

Any suggestions on location in Idaho?

My suggestion would be to expand your network of wholesalers unless you're inclined to take on the tasks yourself (such as calling, driving for dollars, marketing, etc.).

I would suggest having someone local come look in person as pictures can be tough to judge. 

Lots and lots to consider here.The main thing I would suggest is to reach out to some agents in the markets you are trying to find properties in. 

A couple have suggested I don’t have to file or just need to report losses on Schedule C.