If you only have to resand the flooring and it's cheaper, maybe go with that instead,JC township will definitely require permits for plumbing, electrical, gas lines.

As far as capital, most investment loans would require you to do 20-25% on a SFH.

Of course if you are required to pay off the 2% mortgage then your cash on cash ROI goes way down, but with a 30% equity cushion you’re still way ahead.I really dislike contractor for deed, lease option, or not recording warranty deed as “solutions” for the due on sale clause.  

Do most Lenders require 20% down on a land purchase?

Anyway, there kind of things can get messy if they go before a judge, so if it were me, I would just give her formal notice of termination NOW (allowing for the required days of notice per lease). 

At your scale, you would likely need to go full steam ahead and get the required licenses.

You would work with other lenders and do a participation agreement, but many of them will require you to put in 20-40% of the money, have a net worth of 2x what they are including as they will want you to buy back the loan if it goes into default.3.

I recently obtained my HI real estate license to access the MLS and assist with my personal house-hunting needs.Does anyone know of a more boutique brokerage on Maui where I can hang my license with minimal overhead and without the requirement of going through a mentorship program?

We offer it at TFSB but it does require the basics like qualified credit score, DTI ratios - Must have W2 or (2 years of 1099 income) to qualify.

@Patrick ShepWell said @Bill B. the lending wouldn't be an issue in this case as long as you meet your reinvestment requirements.