@Josh ThompsonI'm currently reading The ABCs of Real Estate Investing.

There are 2 comps in the high 80's and by looking at those listings, this  house does not offer any amenities that these houses do not offer and I would argue these actually look more up to date.  

I am not smart enough to argue with @Bob Bowling on this even though he is wrong about 95% of the market in Wyoming. 

Be sure you have the move in condition documentation and photos in case they try to argue over the SD in front of a Judge.Going forward, be sure you screen well, and perform annual inspections to ensure the entire unit is being reasonably cared for.

Your using flawed logic to argue.

@Andrew Curro I'd argue that Colorado is already a destination.

And I would have no problem arguing that one in front of a judge.

@Mitchell MaginnisHere are my favorite books:Multifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!

Yes the cash flow is not that great, (one would argue) but at list it's 7 min. away from our home and we can self manage.

Here's an interesting take on capex reserve...some will argue that it is not an operational expense and should not be capitalized (the article takes the opposite view): https://www.google.ca/url?