@Jason Sung, You've got some very strong things that point to demonstrating your intent including1.

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

If you'll be cash flowing strong, there might be some room there to pul some money out and use it for a downpayment for another house.  

It’s great that you’re stepping into real estate with such a strong background in renovations and custom home building—that’s a huge asset.

In the future I strongly suggest a similar pricing strategy where you list lower than what the comps come in at.

Bali, for example, is seeing strong demand in areas like Kedungu, Tabanan, which is rapidly developing and located just 15 minutes from Canggu—making it a hot spot for investment.That said, it’s also wise to diversify your strategy.

Beaches took a lot of damage but it will mean a full make over and it will be better than new.One thing for sure is even though we had a bad storm we will continue to top growth rates and tourism has never been as strong since COVID.

You can make an election under IRC Section 469(c)(7)(A) to treat all your rental real estate interests as a single activity -- an election to aggregate them all.

If you or someone you know is active in this space, I’d love to connect and discuss how we might collaborate on upcoming opportunities.Feel free to reach out directly via DM and I look forward to learning more about the local market and building strong partnerships!

Some lenders may still offer 10% down, but they might require strong compensating factors such as excellent credit, higher reserves, or a low debt-to-income (DTI) ratio.The requirement for 12 months of reserves is common with jumbo loans right now, especially in Southern California, where property values are high.2.