I promise to search for as much info before I drop the daily dummie, but sometimes I'll probably just not know what to even search for.Looking forward to spending a lot of time here and hopefully becoming a valued contributor.

I just have a bit more gray hair than some other RE investors.

Or my favorite checking the MLS daily pertaining to the area by price.

It may surprise you to learn that here, in Honolulu, the zoning for rentals is quite regulated (note- I did not say enforced) While Waikiki is largely "resort" zoning, which allows daily rentals, there ARE individual buildings that restrict this, requiring 30 or even 90 days minimum occupancy.

As a member of the bar, I have to face these two questions on a daily basis.

It's a great resource and I plan on visiting daily.

Still searching for an answer.It is the same way here in Alabama.GA and AL are mostly Power-of-Sale states.They do not FILE Notices-of-Default.It is done by publication.In my town they put it in the legal section of the regular newspaper.But (Fulton County) Atlanta has a legal publication called the Daily Report you can subscribe to (I am guessing it is because it would be too big for the paper).

Thanks John,Yep thats me as of 2 1/2 years ago at 49.....so there are a few more gray hairs in place!

If the investor puts the down payment into the LLC at formation, you can buy the property directly with the LLC (bank will require personal guarantees) and that gives you *some* liability protection, voting control over daily operations, and saves a step over the above process.

Now the values have dropped so much that in order for a short sale to work the bank has to take a massive hair cut.We have changed the focus of our business to lease options and that is starting to work rather well.