If you are set on the idea, for liability I would have the attorney draft a waiver, simple and cheap.Again, personally I would use that space for guests and possible include a gym pass to a local gym?

But if I could actually cashflow and be profitable, I'd certainly be willing to entertain other areas of Hawaii. 

That is certainly worth entertaining.

Ilitch passed away this year, but his son seems to be running the empire and is focused on Detroit.

Share out stories about each of the deals you've done, projects that you've underwritten and passed on (and reasons why) so that prospective PMLs within your social network can see what you're doing and pique their interest in getting involved.

I'd recommend passing on auctions. take your time, focus on land and land development and real estate development.

They don't upcharge very much, unless things actually need attention, and they offer things like annual gutter cleaning, which you can agree to each year or pass on.

Just look at the myriad of laws, regulations, and bans passed or proposed for seller financing, wholesaling, and lending in the past two years.

I'd talk to a Qualified Intermediary before you make a plan.It looks like the government may pass 100% Bonus Depreciation. 

First question is who owns the house and before Dad passed how did they set up or record the Life Estate.