@Alecia Loveless thank you so much for knowledgeable reply, thats what i been hearing so far through lot of members here in BP.

Super helpful and their CEO Zach is very knowledgeable and obviously cares about making sure his clients are taken care of.

I'm in the Charlotte,North Carolina area and looking to get into the laundromat business if you have any advice or knowledge on the subject please let me know.

I've got 2 condos, a 2 bed at Maui Banyan and a 1 bed next door at Kihei Akahi.I'd definitely agree with @Patrick Franta - from my experience as well, the 1 bed unit has performed better.Also props to @Mike Neubauer for sharing his knowledge and experience with me - I'd definitely recommend you take him up on his offer if you have questions etc.I recently heard that the County of Maui is considering a ~50% increase in property tax for short term rentals from the current $9.37 rate to $15.41, equal to what time share units pay.

So depend on which turnkey company you work with, sometimes it's not that expensive than do it yourself, but you will get the knowledge and experience from that company.   

And you have to really know the market and area we did not have the time to drive everything you just had to already have knowledge of the area and what the parcels looked like etc..

there would be no way you would get financed for this given your lack of knowledge of the subject..

With a little bit of investing, rentals and knowledge under my belt I may be able to do something with the surrounding houses one day but how can I make the land pay for itself?

Some owners would prefer a clearly defined floor even at the cost of not rising to the highest ceiling.While I hate to say it, there are also property owners who lack either the time, knowledge, inclination, or skill to want to manage their property effectively.

It is important to consult with a real estate agent with knowledge of how panels affect your properties value.