Hi Anoop,If you're looking for the best areas in Boise for short-term rental investments, I’d recommend focusing on two spots, these are the ones I see come up more frequently for investors: Downtown Boise and North End (a bit more residential but still near popular spots like Hyde Park.Good luck,Jackson

What does it look like on a summer night? 

Does that sound like I am doing this right or should I just buy the property subject-to with maybe a one year balloon, then just bite the bullet and close on the property and once it's fixed up turn around and sell it again.

If you're going to invest OOS, you should check w/ your lender but you'll likely need 20-25% down. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I think so, however the common areas, including exterior, would need to be Lead Free as well.

Also make sure all your friends & social media contacts know you’re in real estate as people who already know, like & trust you are the best sources of business.  

@Jesse Herndon that sounds like fun and an interesting idea.

Should we buy one nicer single family home and short term rent like airbnb? 

Airbnb had a big push recently showing how they believe this has hurt the NYC market not only for tourism (hotel prices soaring compared to other areas) but LTR rents have went up still as well.