Always have a detailed scope of work and a price in a written contract.  

.: Hello; I currently own two rental units. a duplex and a SFH.

It's like playing the couponing game and a store gives you money at the check out.

Negotiating favorable terms is both an art and a science, and in real estate, it's a critical skill that can make or break a deal.

Lahaina is a year and a half into recovery with roughly 1500 homes destroyed, The US Army Corps of Engineers and FEMA just competed debris removal.

Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.

A whole working business with properties, a booking site and a brand that creates loyalty.

Since you have work history, if you get a job with salary income and a credit score above 640 (680 realistically), a conventional cashout refi is within reach as soon as you reach those metrics.

I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?

And a good property manager will take care of day to day, but you will still have work to do.