I’d recommend focusing on building connections in Denver, exploring local markets, and considering strategies like house hacking or buy-and-hold investments to help you reach your goal of becoming a millionaire by 2027.Good luck!

Having people who know the market and can help you manage the project or property is crucial to project success, especially if you can't be there regularly to handle things that will come up.

Aloha @Daniel Kam - most of Kakaako has a 180 day rental minimum, so if you haven't checked with your building association, I recommend you verify what the minimum rental period is for your building.If you are allowed to rent for less than 180 days, you will then need to apply for a GET license, and well as TAT/OTAT and pay the appropriate taxes on a regular basis.  

Regular and transparent chitchats are the way to go.

Also are you planning to hold the lot?

They close hundreds of loans a month and charge you for any hold up on their end.

@Nathan Gesner Yes, I'm fairly confident if we were to hold long term, we'll do just fine. 

This either sounds like a seller looking to "retire" and liquidate his holdings or a Section 8 owner that hasn't kept the property (or rents) up to market levels.So, based on the numbers you're using, what return (IRR, Equity Multiple, or ConC) are you estimating you'll generate over your expected holding period?

I don't hold to the "analysis paralyis" theory that if you're not buying something (LTR or STR), you're doing something wrong.  

I remember after the GFC reno planners wanted to attract more regular businesses and get away from gaming.Great thread, thanks