They may have a challenging time finding a buyer with a lender that can finance this property. 

Challenges?

Due to the delays in the program’s expiration date as a result of the legal challenges, over 75,000 federal workers were able to accept the offer."  

So an investor buys the property, you pay them a down payment for the lease option then pay rent for a year and after a year you have option to buy it.What makes this challenging is the lease option payment would probably need to be around 20% of the purchase price but it sounds likeyou do not have it. maybe moving is just not in the cards.

Question for: @Andrew SteffensDid you find it challenging to switch PMS systems? 

Challenges?

Challenges?

Land is very risky, and being in hawaii makes it even more challenging - thus reason we see higher rates on land. could it be less, yes, it could be in the 15% range but i would be shocked if someone would be in the 10-13% range.

One thing to note- the building is older (built in 1922), is considered in a historical district, and although each unit has been fully renovated, I have not upgraded all the electrical/roof and plumbing, so that's on the older side which I know is more challenging to get insured... 

After watching the trends and digging into the numbers, one thing is crystal clear: New-home sales 2025are shaping up to be the silver lining in what’s otherwise been a challenging market.