Form 3115 allows you to restore the fairness in this situation and "catch up" with the remaining $30k of depreciation that you failed to take in the years past.

Talk to the seller, but options are to cancel the sale (and risk losing your deposit), renegotiate to lower the price to allow you to fix the problems or ask them to fix it. 

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.

Quote from @Laura Kreinbring: This tenant I allowed to start a lease with last June is someone I want to give a notice to.

I also allowed the fear of others to take me away from my long term goals.

DSCR allows cash out up to 80% LTV and you can close in an LLC or quit claim it later to change the vesting to an LLC.  

It has to be something the individual wants, and let's face it, that isn't your typical BP investor.

They won’tfinance you, since bankruptcy laws allow you to keep your Residence.H.

It allows potential tenants the flexibility to explore a property at their own pace while still having the expertise and guidance of a realtor at their disposal.That said, I’m curious about your thoughts on this approach.

I'd love to start hosting asap and I wouldn't allow the guests access to the kitchen (though of course they'd have access to their rented rooms, bathroom etc.).