He lives out of state, has owned the property for about 20 yrs and doesnt want to deal with it anymore, so there is plenty of motivation...The father who showed me the property did some cleaning and some painting because the previous tenant left the place a mess but there is still work that needs to be done.

Father-in-law had his driveway dug up for roots in his plumbing and it cost near $5,000.

The taxes sound really low for the 6 unit as my father in law lives in Mass. and has a small house there and pays over 5,000 in taxes.Make sure there is not a big rise in taxes or special assessments fixing to hit.

I'm a soon-to-be college graduate from FSU with degrees in both Creative Writing and Classics (as my father puts it, "Pretty Words and Plato"), and I currently own my own web design/marketing company.

-StevenThanks much Steven - Let me mention that although the Son has a quit claim deed from his Father (the surviving spouse of his Mother), he has not yet recorded it.

My father is in the business as well...

You and they will likely give a personal guarantee for any loan, so the difference will be in commercial lending guidlines.Since you are immediate family members, you'll be exempt from SEC fund raising issues as well as the SAFE Act if say your father makes you a loan personally if your home is included in all this.Yes, your LLC needs to be formed prior to purchase and applying for the loan, I suggest you spend a few bucks and see an attorney in setting this up, there are options and aspects of such an entity that simply are not contained in some internet LLC formoperating agreement.

Some pretty good reasons to stay in school.....here's another oneIf I were your father and you quit, I'd kick your tail out of the house and break your plate!

It was given to my father as a present in the early 1960s.

Not sure about Aina Nalu though.Anyway, a rough estimate with self managed (which I have seen many mainlanders do) its going to be the $21,450 gross, minus 877.96 for tax, $6,110 maintenance fees/HOA, $12, 454 in mortgage, $400 online vacation rental booking fee, and you end up in the black with positive $1,608.04.Also, a scary number I noticed on Zillow the other day was that home prices will rise a projected 22% on Maui next year.I bit concerning to see that kind of spike.I work in Hotel and Restaurant Management business and so does my father who happens to be in the same room at the moment (he works in a separate resort).In 2009 both resorts were in the 50% occupancy range.