If you owned a few thousand rental properties, you could argue that owning a private jet is a significant time saving tool and well worth the cost.

If anyone needs a private lender I recommend Andrew and his company; easy to work with, quick closing, flexible terms.

I have amassed a decent network of vendors, so definitely looking at fixer uppers.Eventually, I hope to grow my portfolio to acquire commercial loans for multifamily deals, I haven't started purchasing investment properties, only have my private residence.

They were a hard money / private mortgage lender out of Las Vegas doing about $30 million annually.

Do some smaller dollar private lendingA property is too capital intensive and $20k will not get you very far.You also did not describe what level of risk you want to take, so that is something also to take into consideration when evaluating where to invest.

Single family homes are exempt from rent control when privately owned.  

This is one way to manage costs risk.The ways to own the property besides FHA & conventional loans is with private loans, investor DSCR loans (non owner occupied); seller financing, lease options, partnering with others to take the property down..... 

Private mortgage insurance i believe is not charged on va loans.  

Hawaiian real estate law differs from other western states significantly, mostly due to its monarchal heritage and the Bishop Trust influence.The basics are the same as would be in California; determine the condition of title ownership (individual(s), estate (including conservatorship, if appropriate) OR fiduciary acting for trust.Use a qualified private money equity lender to make a loan sufficient to buy out the cash-only beneficiaryThe legal community in HI and Big Island in particular is small.

My Question is if i have a private investor loan me $70K for 5-7 years (his terms) at 12-15% (not compounded).