In this case, the guy seems wiling to pay more than a hard money lender would charge, so I'd be asking myself why that is.Second nugget of free advice is never loan against any property that you wouldn't be delighted to own. 

The delight regarding a wood frame house is that you can usually buy it cheaper than concrete block.

I will offer one piece of advice from a gent that has 40 years of experience in building PM Co's - "Build a service that will delight your clients". 

So I am delighted to furnish my cabin this way, even though it is not at all my taste.Basically, I am looking at these cabins as businesses, and I'm doing everything I can to appeal to the clientele.

Right before the summer recess, something magical happened and it was decided the foreclosure language had to pass right now.Never one to look a gift horse in the mouth, I was delighted with the decision and the urgency.

I would be delighted to talk more about what my experiences are in Hawaii if you like.

Therefore if there is an active hard money lender in the area or suggestions for loans that might fit this deal profile, I'd be delighted to discuss.  

A property manager who also owns their own inventory would be my choice, and most would probably be delighted to guide you through the acquisition process, if they scored the management contract at the end of the day.

@David Jasinski, you're very welcome and I'm delighted to hear that.

They'll give you so much info and so many ideas on when, where, why, how and with whom to invest that you'll be delighted to stay for that after meeting drink to network with all the potential partners you'll meet there.That is the best and most fun advice I can give you of a general nature.