Is there any paperwork involved in taking over the owner's payments?

I'm also interested in taking advantage of some of the down payment assistance programs here in the area.

I work full time, but am very interested in taking my real estate investing to the next level, and I'm thinking of doing so through multi-family and apartment syndication deals. 

At this point, there's no way you'll have that done in time for someone else to move in on 3/1.The other option is to go in, take a bunch of pictures, clean the place out, put everything left in the trash, and hope for the best.

Hopefully you'll have a lower cost basis in taking on the extra time and risk, thereby increasing your returns.

I don't know about Oahu, but here on Maui rentals are super tight and people are always having to move when the house they're renting gets sold out from under them.There is no shame in taking a break from investing to enjoy your money a little bit in your own home.

My scheme gives tenant a stake in taking good care of the property and attracts good tenants to the scheme. 

I am hungry for knowledge and am trying to intake all the info that I can.I am currently generating a list for my direct mail marketing which I am doing myself.

I don't know the city itself much and I am not interested in taking that risk, so I'll stay away from that.Finding a local PM is one of the big challenges I see.

The current renters leave 1 Oct and my wife and I are interested in taking possession of the house, barring any glaring issues after an inspection.