There should be a way to find out what the cost is of common materials.EDIT - I was interested in what is available on the island, here are some linkshttps://www.msivi.com/ - MSI Building Supplyhttps://www.lumberyardstjohn.com/ - St JohnWell whaddya know - https://www.homedepot.com/l/St-Thomas/VI/Saint-Thomas/00802/... 

We've got a few investment opportunities on Oahu and the Big Island. 

The Cape Code regional MLS is owned by the Cape Cod and Islands Association of Realtors and they DO require that you be a Realtor to join. 

learning curve is in commercial lease negotiations and challenges of “island time” contractors and professional services Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I would also opt for a galley style kitchen with an open island / peninsula similar to your 1 Bed scheme.  

@Derrick Lind,  depending how you define "Title search" it may not even include the information of whether the property is land locked or not.

We're looking more towards some of the islands rather than the mainland.

Like, in the mountains, or the San Juan Islands.

The house that is on the property is uninhabitable and would require 200k plus renovations to get it to where you could start adding finishes.

But I want to cash flow more somehow in thousands  not sure on your capital funding for Miami but if you have the capital and backing I'd look at development for STR towers in the 50-100 unit range. you can get lots around 1.2 million that you can go 12 stories on with structured parking in Wynwood right now that you can build a 15 million dollar asset worth 30 million. you can do the condo exit or hold it as apartments and permit short term rentals. there are some great articles about short term rental occupancy. miami has 22 renters for every 1 available apartment and has the #1 net migrations in the state of florida for cities and florida is the #1 net migration state. it is land locked and developer friendly. it's under built.