Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

No hoping, waiting, timing involved.

This could involve a right of first refusal for the other party, buyout terms, and a method for determining the sale price.Rental and Use: Define the rules for renting out the property or parts of it, including how income and expenses will be divided.

There will still be some involvement you will need in the deal.

@Manthan Patel Whether to use a property management company is truly a personal decision, so it comes down to you and how much you value your time, how much you want to be involved, etc.

I won't bash them too hard, because once in a blue moon there are actual deals you can come across, but having a second filter/eyes on the deal can really be great insurance against buying a dud.

I’ve looked at investments from the sidelines for a while and am ready to start actually getting involved.

Business debt involves cash flow and trying to get the best ROI, cash on cash return possible.

While I’ve been involved in much of the process, and I know Hawaii’s rules, regs and other intricacies well, I have never obtained investors, never signed contractsI and never opened escrow so I feel like I’ve been more of a spectator… I’m basically starting from scratch and I’m a bit nervous. 

If you're already that involved, it sounds like you're ready to take on more.I'm different than most.