If your condo is zoned to allow short term rentals and the AOAO allows it, the only thing you need to do is get your general excise tax ID and transient accommodations tax ID, follow a couple of simple short term rental laws and your good to go.  

You can try for a one time levy from their bank account instead of wage garnishment but it's a long shot.

At closing we paid our half of title/escrow, fronted their half plus excise tax which we took back in discounted payments.  3 years later the market stunk so we extended for 5 years principle and interest.   1 year into the extension they split up and wanted to get cashed out.  

There can be significant differences between federal and Hawaii depreciation allowances and it is possible that you owe Hawaii state income tax on the rental even if you did not show a profit on your federal return.Hawaii General Excise Tax (GET) of 4.00-4.50% is due on all long term rental of over 30 days.

An increase in property taxes would not be a one-time fee of course (such as capital gains upon sale) since they are levied annually.  

Hey @Jaslin Levy,I am an investor/realtor in Palm Beach County.

Or is it just "New Sales Price" * Mill Levy or similar?

Hello everybody, My name is Shay Levy, and i'm a new investor looking for buy and hold single family deals at the Cincinnati area.

The mill levy is the tax amount per $1000.

@Levi Zemanuel I know at least one company that works in TX.