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

Locking in a lower interest term loan will also force you to get the principal down as opposed to just making minimum card payments every month that allow the balance to keep growing.

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.  

After I reached that goal, I set a new goal of 3x the required income for financial independence with the intent of giving 2/3 of it to charity.I don't believe in leaving a massive legacy for my children.

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

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.

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?

Once the investor reached the particular sale as well as reached the 1031 exchange requirements, the investor will have the opportunity to have their taxes be delayed or postponed until such time that the recently obtained property will be sold.

As for some of the others' comments, I think it absolutely does require your action for moving this tenant out.