Deborah BurianThe building science site has many useful case studies and even though many of them were conducted in the more humid environment of New England, the temperature swing from winter to summer will be comparable.When you say the house does not have a vapour barrier at the exterior wall, do you mean house wrap (tar paper in those days) or an actual vapour barrier (which should be on the warm side of the wall)?

What do you compare your business plan to a Derek Jeter (consistent $10-20k rehabs) or are you more of a Prince Fielder hitter that swings for the fences ($30-40k+ rehabs)?

If you are directly supervising the rehab (or, even worse swinging, a hammer) or are the face of the LLC, and something goes south, you are going to get sued.

@Ron Luna lv plank...hubands friend lives on the country club golf course and he did his whole house in lv plank.

For Eastern Montana, growth is fueled by .... well fuel (oil), so they are in for some swings currently, be careful.  

If you can swing the down payment for a 4 family, you qualify for a residential mortgage for a great rate and use the rental income to pay off your loan, while enjoying the benefits of depreciation and gaining the experience of being a landlord (cue the rainbows and glitter).

Maybe possibly, with seller financing- but probably only if you were really overpaying ;)In other words, I don't think this is a deal even if you could swing it.

Private lake, golf course, hiking trails, cross-country skiing, restaurant, fitness club, you name it).

I am going to swing by some local banks tomorrow and just run this idea by their commercial dept. and see what they say.

Although it can be difficult to enter, there is no better market to be in for those who can swing it financially.Generally speaking, condos are less attractive rentals than alternative property types due to the HOA fees you have to pay each month.