The property has great amenities including central heat and air, pet friendly, washer/dryer, great backyard + patio, an upgraded kitchen and bathroom, and upscale furnishings. 

Our sales staff is highly trained in helping customers identify the best HVAC solutions for their needs, and we have technicians with prior installation experience who provide valuable support.Dual fuel systems combine a traditional furnace with a coil designed for use with a heat pump.

@Gerard Scranton - we have gone the partner route in similar situations in the past by giving an equity stake in exchange for cash and labor.I would find the nastiest houses in need of work and put up 50% of the combined purchase price and rehab cost and then I’d bring in a contractor partner to bring in the other 50%.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Not enough info is provided to make a determination, but I have fear of the low cash flow combined with appreciation that has not kept up with inflation.  

The house is 1,800 sqft.When it comes to a cigarette smoke-filled home, combined with the need for a rewire, I am assuming the correct answer is to perform a full gut, right?

It’s great that you’re combining that with real estate.I'm not in SE Idaho, but I connecting with local investors and attending meetups is the best way to learn more about the market.

Every item from a roof to a dryer has a depreciation schedule that is fairly standard.One income property is really easy to track if you associate it with one bank account. 

This is such a perfect combination, @Scott Trench. 

For material participation, would our combined time in the property need to exceed 100hrs and greater than anyone else?