It's paid off, and is currently held by the trust she and my grandfather set up.

You could house hack by purchasing a small multifamily with an FHA or conventional loan, reducing your living expenses while building equity.

Not sure if this is an option in your area, but we have a company called CREW in Salt lake and they are $50 a month and take the cans out and bring them in the day after. it is hard to rely on the cleaners at times. unless the cleaner is paid to do the trash every time.

In both cases I settled with the homeowner to avoid aggravation, lost time, and expensive lawyers.

I am very familiar with the strict zoning laws for Hawaii short term rentals but most Waikiki apartments are either too expensive or leasehold only properties. 

Estate Planning and Wealth Transfer: If you're building a portfolio to pass down to your family, life insurance ensured your heirs inherit your properties without the burden of estate taxes or forced sales to cover expenses. 3.

Too expensive? 

As far as studios go, 280K is a low price, but without knowing the expenses and the rent you can expect there, its tough to say if the deal is good or not.

The reason certain markets are expensive is the same reason that high returns are achieved on certain investment property: because people want to live there.

Although , double closing is more expensive , I feel it’s a little more legitimate than assigning.