It needs to be explained to them that it is heat and they need to compare it to putting $1000.00 in an oil tank.

Which compared to NYC is very attractive for me.I'll check the boiler, roof, making sure current tenants are paying on time,...what are your thoughts?

first I would question how "comps" have such a wide range, a comparable rental unit, one that is like the one you will end up with, shouldn't vary that much at all, maybe $100 at the very most (probable more like $50), are you just comparing a big area and anything 3 bedroom?

That is probably in the range of what landlords will pay for SFHs but could be more or less depending on your market.Look for comparables.

Look at what comparable properties have sold within the last 6 mos.

Lewiston is pretty, but small compared to Denver.

I'd like to compare those terms to the ones I see and potentially incorporate some of the safety features.You've noted the key element of the deal.

However, if you have substantial equity in it(based off comparables) after rehab you may look and buy & hold as a feasible option.

Just assuming rents wouldn't be sky high with reliable cash flow. :)

But, I have noticed that in two towns that have comparable populations, amenities, etc, that similar houses in each town have a big difference in taxes.