Now that you know how to calculate the current value or potential purchase price on the property...let's talk about determining ARV on this asset. 1) Do a complete rent comp analysis to determine if there is room to push the rents higher2) If there is room to increase rents...then you can start to determine what the value of the property would be after increasing the rents. 3) This will then allow you to back track to determine how much you would be willing to spend per door on CapEx improvements to achieve the rent premium.

They also allow prospects to "1-click reply" rather than read your ad. 

It is likely not the best investment property or deal I could have found, but it was a middle-ground for us and will allow me to begin adding to my real estate portfolio.

I may not allow such endeavors but it doesn’t mean it won’t work.

I have had tenants for the last 2 years paying my mortgage for me and that allowed me to become a Real Estate Agent.

Those NIMBY-er's are the same people who claim "somebody" should fix it" and "they" allowed this. 

Now you're in a tax free state with tax free income.If you wanted to live in ID you could always do a1031exchange on your place right now which would allow you to indefinitely defer the tax on that that sale and then get all your portfolio together. 

It sounds like the terms of your option is basically allowing you to pay down the price at zero interest for3 years which means it is all going to principle.

My main concern was that with a HELOC I would not want to carry the additional payment for a long time, so maybe investing in a flip or something that would allow me to recoup the cash within a relatively short period of time would be most beneficial? 

As we all know Cannabis became legal in Canada few weeks ago and tenants are allowed to have a small grow up (up to 5 plants if I am not mistaken) How are you handling it to make sure things don’t get out of control without crossing the line?