When this is an issue, I work in tandem with my clients' CPAs.Another way to look at the question of entities is the nature of the risk. 

Once we knew she could work from home indefinitely, I asked, why don’t we rent an Airbnb at a home near a beautiful nature site and work out of there for a week.

(Given the off-market nature, 90% of engagements have an offer at time of meeting.)What I am trying to build into my spreadsheet is the following. 

And you have only cash flow to pay for it, because there will be very little principal pay down, appreciation (forced or natural) or tax benefits.My suggestion is if you buy in this price range, focus on capex and condition, find a property that has recently been improved, so you can cash flow it for a few years and sell it before you have to spend money on it!

If there are any sensitivities to chemicals, cinnamon works.

.*** what I have found difficult to understand investing in Boise however is if the overall fundamentals are there, and not just because it's a more affordable place, more land, more nature.

Check after EVERY rain cause leaks are tricky and wind direction sensitive.  

Natural if possible, but propane would still be a good investment.

Expecting to make money off of a persons basic need and then using that need as leverage to basically force people into submission.There’s no concept of fairness in the nature.

Or should I be staying away from projects like this for my first property and focus on finding something that doesn't need too much work that would still slightly cash flow (when I'm not living there), and has a potential to appreciate naturally?