Also the "West End" (nobody used to call it that but I think they do now), residential area east of 27th and south of State I imagine would be prime STR location too.Garden City is formerly the trashiest area of Boise, and very rapidly on its way to becoming one of the hippest.

Words a crude device for what goes on in our heads, but they're all we've got!

While it's true that UBIT can scale up to 37% rapidly, this typically occurs only after $12,000 of income, and you can deduct expenses, including depreciation, against the leveraged portion, subtracting the first $1,000 before calculating UBIT.

I always take my new tenant thru the house and show them that the drains are clear and that the drains are their responsibility, it helps to get the responsibility into their heads.

@Ray DetwilerMy head hurt just reading your initial post.

Saying you are an "investor" to the property manager etc or someone onsite you probably are going to get looked at like you have six heads. 

I'm not in NYS, but in WA you can google the law and find what is required.Going off the top of my head here for WA:Deliver a copy personally to the tenant.If the tenant is absent, by leaving a copy with someone of suitable age and discretion at the rental unit AND mailing a copy.If neither of the above are possible, by posting a copy on a conspicuous place on the premises, handing a copy to any person living there, AND mailing a copy.There's also a form that goes along with notifying them.

The population is certainly growing, but not at what I would call a rapid pace.

I spent the first three or four years shaking my head because the numbers didn't make sense.

I think you hit the nail on the head here, PM will make $ on the placement fee and in this case, they provided the work for the turn which wasn't minimal, so they made $ there as well.