They were a hard money / private mortgage lender out of Las Vegas doing about $30 million annually.

Cash invested: $65,000 Sale price: $97,000This property was a very early lesson learned in private mortgage financings for me.

This is one way to manage costs risk.The ways to own the property besides FHA & conventional loans is with private loans, investor DSCR loans (non owner occupied); seller financing, lease options, partnering with others to take the property down..... 

Hawaiian real estate law differs from other western states significantly, mostly due to its monarchal heritage and the Bishop Trust influence.The basics are the same as would be in California; determine the condition of title ownership (individual(s), estate (including conservatorship, if appropriate) OR fiduciary acting for trust.Use a qualified private money equity lender to make a loan sufficient to buy out the cash-only beneficiaryThe legal community in HI and Big Island in particular is small.

I was like you didn’t notice it wasn’t dirty and you didn’t realize the other room was dirty and ask me a question?

Ask if they upcharge maintenance, charge to go to eviction court, post notice, etc. etc.

💪 I just noticed... you're from Norfolk?

Given that the lease agreement had a 30 day notice period clause, I asked when the tenant was going to move out.

@Samuel Kim - please contact @Chris K. privately and allow him to show you how you can benefit from this wonderful strategy that he implemented for his many health professional clients.

I've tried the lower 6-7% PMs and usually you'll either pay mark ups on repairs (what you've noted) or pay extra fees (i.e. labor hours, extra calls) that you may or may not notice.