Do a quality rehab inline with the competition in the area (don't over rehab either). 

@Kenneth Garrett Hey Kenneth, I have some good experience working with banks and credit unions, all which calculate global borrower financials on these deals, which means they're still out of reach for many investors.

You have a lot of competition in that area for rent, both SFR and multi-family.  

@Ellie Narie to layer onto @Carl Millsap's comments, you need to better understand the competition.  4 families still trade through comp sales, not as much financial returns. 

For flipping is another story but the only advantage with rentals is that they can make you as competitive as a straight cash offer without you actually having to pay the full amount.

I am sure there are some out there doing this, especially as competition gets more fearce. 

despite that, an extra 15 months of ownership could possibly push the valuation of your home in a competitive market like hawaii. 

Hey @Adah None,Your main issue is that you are using a BRRRR purchase standard for an on-market property in an extremely competitive market for investors.

That's a real competitive advantage in our market.If you can swing it, consider doing a mini-split for each unit and decommissioning the oil unit/ductwork.

The wholesaling market is highly competitive here, and there is a lot of daisy-chaining.Talk to Brett Simple Wholesaling.