Aloha @Christina BrownFor Hawaii vacation rentals, there are a few primary things to be aware of.General Excise Tax (GET)Transient Accommodation Tax (TAT)Nonconforming Use CertificateWe have seen noticeable increases in tourism (arrivals and spending) since 2009/10, hitting new records recently.  

My question is regarding all the banking/financial matters like collecting HOA fees or levying assessments.

The information included in this file is as follows: Account numbersOwner names and addressTaxable value of propertyExemptionsTax levy amountsDelinquent Tax RollThe delinquent tax roll provides the same information as above, but only on accounts that have a delinquent balance due.Tax Rolls are available in the following formats: FTP- No ChargeCD-$5.00Hard Copy- 10 cents per pageUnfortunately the size of the tax roll files prevents our office from emailing them to requestors.

The Numbers: Purchase: $117,000 ($12k assignment fee included) CASH PURCHASERehab: $53,000 (budgeted $45k)Holding costs: Roughly $15003% concession to buyer: $7110Closing/Realtor/Excise tax 1.78% WA/Misc: $28,500Sold: $237,000Net Profit: $35,283CASH ON CASH ROI: 20.4%I tend to buy conservatively, we build in margins of errors into our analysis incase things go wrong, this way, if something does happen, we still make money. 

That will show the property tax rate and any direct levies.

We have a hefty excise tax on each sale in our state.  

This includes the rates/levies and any maintenance over the long term).E.g. 2Property price: R1,500,000 (1-2 bed in a more upmarket area )Down payment: 10% (R150,000)Mortgage repayments: +-R12,300Lease/Rent expectations: +-R10,500Monthly expenses: +- R5000I'd be net negative cash-flow in both cases.Perhaps my monthly expenses estimate is inaccurate?

I get real estate goes up in value, etc. but man, sometimes I look at the money I spend in transaction costs buying and selling, contractors for repairs, tenant maintenance, excise taxes, other taxes, taxes ON the taxes that I'm the governments sucker propping up the economy.Take my primary residence for instance.

Quote from @Levi T.: It’s rather simple, if the deal is really worth more than your paying, and requires no improvements, then you just wait 12 months (season the property), and refi at at market value.

@Levi T.I filed taxes for this year, but it was only because I worked for a company for 4 months.