Spreadsheet is updated with my info...

@Tim Swierczek thank you, very good info!

Ryan Sorry to hear of your situation - I will say it is somewhat common due to the market run up back then.Shoot me your info and let me take a look at all. 

With the limited info, I would say #1 is your smartest option but there are a lot of variables missing.

@Dominic Mazzarella Thank you for the info!

We might be able to help you but would need more info. 

@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Makani, there has been some good info shared by other Hawaii realtors.

Again, this is only based on info you provided so there could be a lot more to the story for the good or bad but I can only comment on what was provided. not sure many are thinking rates are going to drop much in the next year.. seems like one would want to know how much they need to drop to see if the plan will work before putting good money after bad.

I did not do a separate criminal background check as I trusted the info from Zillow (Big lesson learned never to trust the Zillow data again in life).