But to be clear, I am serve the O'ahu market but have had clients have me help them look for property on other islands.  

If your goal is passive income, it's not going to be in New Jersey when you factor in cost to purchase, management costs, and rent to price ratio, but what you can get is steady appreciation.

Your brokerage is required to supervise you, and maintain all records of the transaction, just like any other client. 

I have had a couple of clients just get the loan approved with the long term rates and then the bank really doesn't care how they get it rented out after.

This puts the home underwater.I've calculated the following two options: To sell the house, it would cost me about $60,000out of pocket.

Had a newbie client that bought 5 SFR rentals and called us 3-5 times daily.

This is how our bookkeeping Clients operate and it works.I've heard good things about Rentredi and Rentastic for PM.

One of my clients had a $1M deal under contract where they needed to do a $300k raise. 

@Vidit Maini Starting your business as an LLC taxed as a C corporation offers flexibility but involves double taxation unless you elect S corp status, allowing profits to pass through to your personal return.For tax savings, deduct startup costs, track business mileage or vehicle expenses, and consider a home office deduction.

I have several CFO clients in KC and would be happy to make some intros.