Spend a few hundred.

Personally, I would not keep a rental at an expected deficit, and I would not want a rental without a safety net to be able to cover six months of disasters. 

Find a good property manager and make a good relationship with them.

Aloha @Patricia Perdomo, Florida is a Judicial Foreclosure State similar to Hawaii. 

Most agents will need you to provide a pre-approval from a bank or a proof of funds.As far as strategies, depending on the market, off-market deals generally go to investors using cash or hard money. 

He said the return is pretty good percentage wise, and since it is a "condo" he personally doesn't have to worry about repairs.

1,300 is too low to get a deal from your first campaign (and too short of a time - 8 days).

It’s inconceivable to me how someone with a RE broker license, a CCIM, and a plethora of Series Securities Registrations can think that the property tax valuation would be reassessed at a LOWER value after knowing that the subject property and neighbor properties were being sold for record prices with each recent sale.

I'm looking to partner with a builder to raise funds for a syndication holding long-term rentals.

I bought a house in Waianae a few years ago from a lady who moved to Anchorage.