Any type of traditional/conventional loan program will be tough in this scenario. 

[This comment not directed at Dawn.]Make sure your funding source (I assume a traditional bank) knows this is a HUD IE property and that the appraisal will show exceptions that underwriters will catch.

They have Waikiki for more "modern" Hawaii, rustic Kauai or very traditional Hawaiian fishing "village" like in Milo'ili.- Some Hawaiian towns are quite affordable and the living cost is not much different than LA or Bay Area.- But I think what makes the difference between Hawaii and Florida is that in Florida you still live in mainland.  

What's the best option with low DP then the traditional 20%.. lastly of you have a awesome lender who is creative and can make it happen, please share contact Info. thanks 

And within that time establish bankable income to refinance a traditional mortgage then.3.

Traditionally, these agents, often younger and less established, educate buyers about market nuances, show properties, and represent them in offers.

Traditional Sale in line with market. 

We discussed this with our agent, and they recommended a traditional rental policy with an umbrella policy. 

They will use their own contract that is heavily, heavily skewed toward the lender and will usually pass many traditional seller fees off onto the buyer. 

My plan is to hold onto it as a rental property, targeting Section 8 tenants, as the rental income is quite attractive at nearly $1,500 per month.Here's the challenge: The property's purchase price and labor is below $40,000, and I'm uncertain about my ability to secure a traditional mortgage for a property at this price point.