Quote from @Jaycee Greene: A few things I noticed, in addition to having the tenant pay the utilities are:1) Incorporate annual increases in rent higher than 2% (in your area, maybe 4%-5%) with a slightly smaller increase in operating expenses (say 2%-3%)2) With a gut rehab, I'm not sure why you need to spend $128/month on cap ex, at least for the first year or 2.3a) An 80% cash out refi is probably going to be hard to get.

Despite this, I have tried to be patient and haven't initiated any eviction proceedings, even though Hawaii Tenant Law allows me to issue a "notice to pay rent" after just 5 days of delinquency.I've heard that if you're having issues with a military tenant, you can contact their commanding officer to help resolve the problem.

Start by giving them notice of what they are violating and then if it isn't remedied, start the eviction process. 

The insurance policy must name [Landlord's Name or Property Management Company] as Additional Interest, ensuring the Landlord receives notice of any policy changes or cancellations.

Typically when the homeowner is 90 days late on a mortgage payment the bank may issue a notice of default.

I noticed you are interested in house hacking. 

You should have documented that in writing, but even a text message from him would likely hold up in court.You post the notice and give them the required amount of time.

Over the years I've also noticed some issues in those areas and others. 

Veteran hosts - have you noticed any impact from these updates on your booking rates or revenue?

If rent is due on the 5th, notices need to go up on the 6th.