@Pixel Rogue The cash out proceeds should be for business purposes such as investing in another RE project. 

Thats how you run your business , not me 

This has been our primary business for well-over thirty (30) years, but in California ONLY.Few posters here are attorneys, let alone licensed to practice law in Hawaii.

I am a beginner in this and I would like what basics questions should I check before getting into this business.

We're probably not going to take the risk if we're busy agents to play that game. 

I live in Detroit but envision running the investment as a business, not a third job: Pay top dollar for the best PMC.

So it would depend on following:- What are your top 10/core needs of your business workflow.- Do you want to manage the new system internally or have an outside vendor manage it for you for a small fee.- Would you be requiring custom changes often to your digital workflow?

@Will Jones, we are in the process of putting an offer on a piece of land in where we will build a building for one of my businesses and then lease out the rest of the space.  

The side moral to this story - be in the plumbing business.

If you own a business even if it's a pass through LLC for your real estate you have to file a BOI Report by the end of this year.BOI stands for Benefit ownership information.