@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

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.

Though the buildings are attached, the guest rooms all have individual exterior entrances with no interior connection to the residence. 

If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual. 

Since agency loans don't allow you to put the loan in an LLC, ask your wife this. 

Was it indeed just locked, or did the latch mechanism fail, which often happens with bedroom sets that have plastic components in that mechanism; or did the screws that secure the latch into the door come loose, allowing the latch and/or the screws to prevent the door from opening...also not an uncommon event.

Renting could allow you to focus on paying down debt and saving for a larger down payment, while buying now could help you start building equity or even generate passive income through house hacking.

Evaluating different options from that standpoint will allow you to best determine what will truly move the needle in terms of your wealth building. 

There are so many scams out there that we have to protect ourselves and unsuspecting tenants before allowing a showing.

Collateralized Private Loan – Some private money lenders (PMLs) may allow you to pledge one of your properties as collateral for a short-term loan. 4.