Would appreciate your pearls of wisdom. 

Don't feel bad @Charlie MacPherson, It was John Belushi who's inspiring speech about the "Germans bombing Pearl Harbor" provided the climax for "Animal House" (Gimme a break I was young and stupid - now I'm just stupid).I'm curious about your how your in-house legal works though if he is actually an on staff (broker of record) attorney and acting as QI for exchanges for his clients.  

Too many guys in their early 20s think the world is their oyster and is just going to pop open and hand over a pearl of great price.

Sincerely, Excited, hungry, slightly scared, but ready to get my feet wet, Pearl.

I am also looking in the Pearl and Madison areas.

I can show you a dozen SFR on a street in Raleigh (Pearl Ridge) that all sell for 50% what they sold for two to three years ago and a condo complex (Chesapeake Landing) in Cary, NC that has not fallen much at all.

@Kevin Dong@Brian Pulaski  I get anymore fired up on the subject I am going to have to start charging for these pearls of wisdom  LOL.. enjoy your X mas Eve I am going shopping now before the crowds or at least I am deluding myself to think I am early..

A Homeowners policy will give you "Personal Liability", and that will extend throughout the continental US.   

Are you planning on investing in HI or in the continental US (or elsewhere) out of curiosity)?

The property is 32206 between Main and Pearl.