What matters is that you have more knowledge about an area than your competition and you have the correct team established.

We have a lot to learn and I'd heard about Bigger Pockets for years on various FIRE podcasts, so I finally joined.

But even if the numbers looked good going in and a black swan event happened, it would take a lot to lower the value of the house below your purchase price if you are doing value-add renovations.

Lenders usually look for established rental income history rather than future projections.Alternative Documentation: Some lenders may consider future rental income if you have a solid lease agreement and other supporting documentation, such as a detailed rental market analysis.

This was essential for us, because we wanted to have the opportunity to get to know this established mentor and potentially work with him.- Ability to Network with other students: We not only wanted a mentor, we wanted a tribe.

Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.

But the party was great, I've only moved to Hawaii for 1.5 years, so all these friends of friends groups taking me in, welcoming me as their old time friends really means a lot to me. 

I read the answers here and don't see anything problematic if we simply transfer the lot to the new LLC, and sla as the Trust is the only owner of the LLC. 

We get it—there's a lot to wrap your head around as an investor.

I know I would need to establish an association with declaration, condo docs and such, get city approval and have a surveyor involved.