When the limit was 4 mortgages, many conventional lenders would turn down borrowers simply because they couldn't sell those new loans to Fannie Mae.I thought I was up against that limit until I researched it and discovered the limit was restored to 10.

So, the investor makes a nice spread of 30-35% and the owner gets to keep his property with a loan that is justified and affordable - and most importantly - restores the owner's equity position from negative to positive.

Over 2 million pieces have been cleaned and restored.

Don't know if you have them there, but the Habitat for Humanity "restores" are a good place to find both the door and the dishwasher.

My father is a higher-up in an interior restoration company.

  31.Damage by Fire: In the event that the property is damaged by fire and through no fault of the Tenant/Buyer, and cannot be restored within a reasonable time in the opinion of the Landlord/Seller, this agreement shall terminate with no further liability of any party.

One useful resource I've come across is surprisingly Habitat for Humanity's ReStor program, which takes surplus developer's/homeowner's lightly used appliances, and building materials and sells them for deep discounts.

By the way, where in Hawaii have you invested and have you seen any old restoration projects here?

I buy a lot of stuff there, 10% adds up.Some bargains off of Craigslist, Restore, and a local junk yard (just found a toilet tank for a 30 year old toilet, l don't have to replace the whole toilet now.)Shop your car insurance every couple of years.

If you dont have the funds to restore these units then you might want to pass as you will have to insure them and pay taxes on them whether or not they are habitable.