I love posts like this. 

This is a very complicated business.

It's hard to find a cash flowing rental in this area, but paying all cash certainly helps!

Does anyone with experience on the island know if there really are properties that cash flow here after all things considered or is this not a good idea?

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

Except for some commercial investors, this is virtually never the intent of a residential performing loan investor.Lately, performing notes investors are typically earning between around 10% to 15% for very little work after origination.

Why are you losing money just to keep this guy?

I posted this request on a similar forum but ask that you direct your inquiry on Apex to this post. 

our market is in Columbus Ohio and we are currently doing infill as a strategy. single family home by right can be built on any infill lot in columbus but for multifamily this strategy becomes part of entitlements and rezoning. 

I'm not quite sure how effective this would be.