You’ll be able to recycle your money if you do it right.

And for the privilege of paying some of the highest property tax rates in the country (we had 5 or 7 counties in the top 10 in the USA, last I checked) we have some of the worst schools in the state, no new 'real' businesses, deteriorating roads, and receive no services (garbage, recycling, etc.) in return.  

@Ana Patrice I think @Jorge Ruiz nailed a great strategy for scaling a rental portfolio with the ability to recycle your money multiple times over. 

I would take over the current leases and property management and recycle the cash flow into savings in preparation to get approved for a loan.

This will also weed out the slow/lazy contractors that want to charge by the hour/day and milk it to charge you more.

This may be difficult for a non-local, but would certainly help the numbers.Agree with the other Hawaii investor, looking at public sales records and/or MLS you can fairly easily get historical sales prices over the long term (20+ years, spanning multiple RE cycles) and calculate CAGR in prices to get a good idea of long term average historical appreciation rates.

Also, lenders have to recycle their debt.

(Also from what I read), maybe it's a bit late in the RE cycle to easily start from scratch there?

You are the one that does the heavy lifting, the one with the knowledge to assign - flip - recycle or otherwise make a ton of money in real estate.

No sense crying over spilled milk, but I would have posted it on the 24th.Actually no, I would have posted it where it expired on the 23rd.