I do not say any of this to discourage you but, to protect you, be smart!

With the Hawaii market, will it be smart to be negative for a few years and let appreciation catch up?

Your experience with having a home built by a local builder puts you in a good position to understand the process, and it's smart to ask these questions before diving in.Profit Sharing (50/50 Split): Yes, a 50/50 profit-sharing arrangement is fairly common when the investor funds the entire project.

I am representing a few right now and having taken a close look at the financials, I can confidently say that these can be a very smart investment.  

.- Pricing software w/ live revenue manager- Smart Lock software- 24/7 Guest Communication via platform, voice, text, email.- 24/7 Communication with owner or PM staff for maintenance or cleaning issues. 

It’s smart that you’re considering tenant preferences in the Columbus market before making your purchase.

I think a smart move with your 135k would be to first have a conversation with a CPA.

It's great to see your enthusiasm for wholesaling as a way to build capital—definitely a smart move.

The BRRRR strategy could be perfect for you—it’s a smart way to buy, rehab, rent, refinance, and repeat, allowing you to grow your capital while accumulating more properties.

I want to make a smart decision and take advantage of the market conditions.