If you choose to purchase from a turnkey provider or build your own team, don't be swayed into cheaper areas.  

If you choose to move forward, I recommend having a backup plan in case Hawaii outright bans STR.

If you don't have a crazy house like a potato, a tremendous view or historical area, then choosing a pic is harder.I like the idea of the game room if that is your best feature.

I give them a deadline to respond, very clear terms of how we will move forward with the option they choose, and I make it clear this is my final offer.

Also, even if it's true that is has been working to avoid the DOSC so far, my understanding is that any "outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a term greater than three years, lease-option contract or any other method of conveyance of real property interests" can trigger the DOSC (quoting the bank definition of transfer or sale), meaning that banks could still call these loans due despite the executory contract/land contract if they so choose. 

With that said, choosing your bank based on customer service relationships and business credit products should be a priority. if you’re looking for a bank that offers great service and lower wire fees, I’d suggest starting with NFCU.

For property selection, choosing a duplex or triplex in a good neighborhood can provide steady cash flow, while adding an ADU to a single-family home works well in areas with high rental demand like Portland.

@Venecia BaezThe action plan for real estate investing involves setting clear goals, assessing finances, choosing a market, building a network, understanding numbers, starting small, and learning from experience.

@John Cooper when you or someone you care about is living in the home it is important to be extra vigilant in choosing tenants.

There are limits to this as well (when someone stays the whole time and doesn't say anything while there), but if someone chooses to leave early or right away, give them their money back before they drill you with a 1-star review.