HOW MUCH would those charge off's, late payments and delinquent stuff effect me getting my first property?

They tend to prefer stuff in decent condition and in their buy box.

Depends on your state and I'm assuming you have the basic stuff about lease termination, eviction, etc.A few we like to add:- if you don't change filters, then tenants pay for a full duct cleaning- charge an admin fee for all HOA notifications, not just violations- Clear tenant responsibilities- Fees for adding or removing tenantsBest of luck!

There's oddly a lot of This is very true, with this large amount of capital, need to think big like NFL player level.I read financial proforma of class B hotel in Maui, it's pretty darn good, in fact it's perhaps the top ten best performing hotel in US in term of vacancy and RevPAR.STR and stuff like that is more for small investor like us with half to 1 mil buying power, but when it is above 5% you really need to talk to some serious developer/realtor in the island and understand the business.If I have that size of capital I would import contractor from California to finish my project in Kukio LOL Currently in kona there're only few new construction that can still being built, I guess it is selling for 1.5mil and above.

I have litigated leases before so I know the good stuff to get in there!

Thanks for the reply Erik, lots of stuff to think about.At the moment, I am interested in flipping only.

So now when the capital killer event arrives they try like hell to bail themselves out of the mistake. 

In my new job as a financial planner, my mentor is an enrolled agent and knows a lot about this stuff.

I walked the property but it was full of tenants stuff so hard to see much of the walls and what not.

This is one reason I always advocate commercial loans (where the loan officer has a little more say and flexibility) and using the same bank as much as possible, so your relationship can give sway when less desirable situations arrive.