You could probably find a nice 10 unit apt building in Kalihi or Waianae for cheap but you'll need to hire security.There are whole lot new project anticipating moving into that direction, such as building higher/stronger seawall.Folks that visited regularly notice would notice there would be much more lava big rock stone allocated in front of the beach.

It seems to be a rock solid single-family long-term rental area to me.

With nearby parks and trails, close proximity to schools, restaurants, shops, and vibrant downtown Castle Rock, you're sure to feel at-home in no time!

Memphis, Little Rock or TX would be great options. 

And 2) It is like saying...Everyone eats food, so food has huge competition, so it is better to start eating rocks!

I’m a Golf instructor, I play guitar.

Knowns: ground will be rock, no overhangs, typical 8ft fence with one automatic gate with key pad entry for both entry and exit, lighting and video surveillance. 

Dirt road wont cut it.. you will need at the very least gravel and depending on soil type you may need to put down big rock first like 3 inch then build a base of 1 inch minus on top of it so you dont sink. 

Older buildings likely have nothing but one layer of sheet rock between the floor boards/joists and lower level units.

If every property was priced at the rock bottom number right off the bat, investors would never have a chance since owner occupants get the first crack.