Appreciate the cautious words surrounding the BRRRR method. 

An abandoned beat up property surrounded by $600k homes likely won't sell below $400k. 

That said, I am always looking in Honolulu and surrounding markets for deals.I will be in town this coming week April 27th to May 5th.

My strategy would be to let it cash flow initially for the next couple of years, and then if the area keeps developing, determine if its worth making substantial improvements to raise the rents significantly.There are definitely some risks with this property: many tenants are on short term leases; and there is the risk that the immediate surrounding area does not continue developing as it has over the past couple of years. 

However, no dye showed up in the surrounding areas.

I am also limited because of the fact that I can only live in NYC or the surrounding counties.

Due to unforeseen circumstances surrounding the school I originally wanted to attend I had to make a big decision.

@Mitch Messer hi I am a flipper in Brooklyn and going to do house hacking in atl or surrounding area this summer .

(Annualized Return on Risk Capital)It's more about, holding something that can pay itself from its cashflow and that is allowing me the equity to invest for more units.After a range of 15 to 25 years (depending when I bought it) I'll be able to use the entire equity acquired and leave that to my family.I'm aiming for a quick 3M in assets and will extent it to 25M by 2024.Totally doable if you get surrounded by the right people.Are you someone that can help me get that promise completed? 

@Ryan Walley I'm a Homevestors franchisee in Orlando and surrounding area now, and would be happy to connect and see how we can help each other being "neighbors from the North".