Buy and hold in Hawaii doesn't usually pan out unless you're willing to go negative monthly (often considerably) to maybe gain some appreciation over time.

That conversion will not trigger any tax.Unfortunately we can no longer eliminate all of the tax simply by converting to a new primary and living there. 

Operating through an LLC can certainly provide some protection, but many mortgage companies include a "due on sale" clause in their contracts, which means transferring the property could technically trigger the need to pay off the mortgage. 

Just finished my major in Business Management and am receiving my Management and Supervision certificate this summer.I've been studying real estate for a few years now, have watched tons of videos, calculated and ran numbers on numerous properties and listings, and talked with many lenders and real estate agents, but because I don't have anyone in my circle that's well-experienced in REI's I've hesitated to pull the trigger on anything.I'm looking to fix and flip, BRRR, LTR, MTR, STR, or multi-family.

Significant Renovation Opportunity: The property needed $87,000 in renovations, presenting a chance to add considerable value.

@Sonal Chopra If your short term goal is to reach a net worth of 100MM in assets within a time period 10 to 15 years, you'll need to grow and scale a business to a considerable size.

At what price differential would you pull the trigger on doing new instead of used? 

Here are a few considerations to help you decide between a 4-plex and a duplex:Cash Flow and Returns: A 4-plex typically generates more rental income compared to a duplex, potentially offering better cash flow and returns.

I have been very hesitant to pull the trigger anywhere outside of LA.

Whatever it is you choose to do, you should do it the same way every time.I've seen landlords use credit scores alone as a deciding factor, saying 700+ is instant approval and below that could trigger a call for more applications.