Your example does not look appealing to me.At the root of the problem is most likely two fundamental issues:1) Unrealistic criteria about what makes a deal for investors in your area.2) Insufficient deal flow to select opportunities from. 

I fundamentally agree with you though! 

Of course, the bank likes to see seasoned rents, but even if they are low, fundamentals [hollow tile, 1:1 parking, location] can sway them to overlook the cash flow and will bring cash buyers to the table.So here's the take-away: real estate investing in Hawaii is historically a sure thing.

I don't know your market at all, so I'm no expert on it but in general, these are the things I would be concerned with:Very small marketDeclining population (shrinking renter pool and not a sign of a thriving economyLow median household incomeHigh vacancy rate (if the number is accurateI can't see anything that says "wow, this is a great market to invest" The economic and demographic fundamentals look very week to me.

This is clearly a bad relationship which is not working and which has some fundamental flaws.

Learn fundamentals of real estate before taking the plunge.

This concept is difficult for many to understand, but it is fundamental to making money in real estate.I look forward to catching up with you and helping where I can.

In all states, in law, an owner is given more consideration as to their rights than a buyer, property rights are a fundamental right in this country. :)

Its because its fundamental to the motivation and thought process behind my investing.I would have never dreamed of my position today.  

I want to meet as many skilled and knowledgeable professionals and create as many connections as I can to learn useful tips, tricks, and all around fundamentals of the trade!