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?

I interrogated the crap out of my quicken files to fill in some of the info for the property sheets.

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.

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? 

Lower ADR and lower occupancy combined with the higher interest rate is what is really making most STR deals not work out.Having said that, it depends on what your goal is.  

I'll have to eat that plate of crap.

With booming industries, significant business investments, a thriving tourism sector, and new tax incentives, the region offers a unique combination of opportunities that are hard to find elsewhere.

.: When I first started investing, I built a portfolio consisting of a combination of "cash flow" properties and "appreciation" properties.