It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

By paying off the land loan through the new construction, it removes that lien and allows the construction loan to move into 1st position.   

Ideally they did not pay over retail because if they did they could easily lose the money they put into the property if the loan gets called.  

You can also request a security deposit for extra peace of mind. 

you're going to be INvesting for the first few years... rental income from the property isn't going to start paying back what you spend in closing costs, rent ready costs, stabilization costs, down payment, etc. for several years at a minimum.hope this helps - not trying to be negative, just realistic. 

If you prefer to be hands-off with full-service management, then I'd plan on paying around 20% commission as that's pretty common.

“Passing Good Cause is not only a step toward tackling these systemic issues—it is the vital foundation to any meaningful action.”In a free market economy, how will those providing housing react to a law that forces them to house non-paying tenants for free? 

The other 40% realizes it will cost a lot of time and effort to move and that they’ll likely be paying even more afterwards.

You still have to pay your mortgage.

Aloha @Daniel Kam - most of Kakaako has a 180 day rental minimum, so if you haven't checked with your building association, I recommend you verify what the minimum rental period is for your building.If you are allowed to rent for less than 180 days, you will then need to apply for a GET license, and well as TAT/OTAT and pay the appropriate taxes on a regular basis.