a great 10-20 year investment but not a cash flow play.

You will be playing the appreciation game for the next few years, however once rates drop again, you can refinance and be cash flowing too. 5 years down the road, the ones focusing on location will be the big winners. 

Decide which game you want to play.

Play to your strengths.

That will play a big role?

However with an investment specifically you could charge 4 points and be alright compliantly depending on the other fees since there are other factors at play.2.

Account Closed - Cash flow plays are indeed difficult in Hawaii.

If it is normal and it's out of budget for you, you can either use financing to lower your cash outlay, partner up, or find a different property.If the work is cosmetic, it wouldn't be a big issue to tackle on your own, but if it's more than that, probably best to play it safe and hire out.

Did you hire an attorney to help script a lease?

So it is definitely a long term play.