I just graduated college and got my license 5 months ago so I'm brand new to real estate as well.

There are currently tenants in both units, but both leases expire over the next couple months.

This will give you a baseline of how much you spend per month.

Before we go into any project we price the existing comparable set of new construction projects delivered in a trailing 12 months compared to the market or zip code averages as well.

We have grossed $300k in revenue over the first 12 months of operation, at a ~50% profit margin.

We do have a pool but the heater hasn't been on until last month. 

Or they try for 3 months have no success and quit.. 

We want our kids to be able to be close to our families, so ideally, we visit Oahu a few months every year.I spoke with a few realtors and it seems like the best investment would be the condo hotel as they are legal Airbnb/STR.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

We took about 14 months to close this deal and the seller was very generous on keeping the price low.