Quote from @Lei Wei: Ko Olina is beautiful.How would you even make that work?

I purchased both as a package and for the next six years enjoyed great cash flow as I paid the tax on the house lot annually at about half of what it should have been and neglected to pay anything on the tennis court lot.  

I have run an ALF with about 50 patients and really enjoyed it.

However, I don't find the long vacancy particularly enjoyable, and I'm hoping to gain some insight and grow from the experience.Has anyone else experienced this, and what did you do to avoid it?

I just found a property that is on the river and seems like a place i would enjoy living.

I agree 250 MAP clients is a lot, even in a city the size of Pittsburg.

Perhaps if your partner was a general contractor or handyman type there may be some merit there to reduce costs / increase profitability.If your partner enjoys deal sourcing, a better move might be for him to become an agent - so he could legally collect commissions from finding deals and managing properties for multiple people. 

Also, for people who wish to pursue larger real estate ventures, you don't personally need to be able to analyze a deal, and can possibly partner with someone who does or even hire an underwriter.

Even with the redactions, it's not hard to figure out based on deduction how much we are making from the rental and from my income.

Prove your work ethic, and opportunities will come.6.Enjoy the process.