The deal was successful and later on we sold the property at a significant profit and 1031 to something larger. 

If you are looking to purchase an STR in Hawaii, take a close look at the data.

The best I've seen for STRs is 80LTV on purchase and 75LTV on cash outs. 

Have you guys ever purchased a property without physically seeing it?

She sent me a letter from Commercial Property Advisors, Peter Harris, which stated she had approval for funds sufficient to cover the purchase price and below it listed a Wells Fargo business account showing funds in excess of the purchase price.

Did you investigate the history of heating costs before purchase?

Purchase price: $645,000 Cash invested: $516,000 80% cash purchase.2,437 sq ft Duplex, with 3b 2b for the front unit (1331), 4b 2b for the back unit (1333).   

If I can replace the bathtub with a shower, I'd be able to make the bathroom feel larger.  

@Kristian Forbes Short of doing another house hack or negotiating the purchase price down a fair amount, I think that's going to be a tough one to make the numbers work.

I'm scared to purchase a second home but we have the funds to do so Do it!