If the cost is not covered by insurance a HOA will generally levy a special assessment on condo owners.

@Jonathan Levi dude that's awesome that your property has skyrocketed!

Hawaii doesn't have a sales tax, but it does impose the general excise tax (GET) “at every level of transaction on goods and services… .”

Hey Levi That is absolutely not true and I’m sorry you were misinformed, just like any property owner can sell their home for sale by owner you can manage your own rental. 

But in researching the statutes for you I found this in Section (2) of 197.472 Redemption of tax certificates: (2) When a tax certificate is redeemed and the interest earned on the tax certificate is less than 5 percent of the face amount of the certificate, a mandatory minimum interest of an absolute 5 percent shall be levied upon the face value of the tax certificate.

Its entirely possible they arent paying taxes on it and liens are being levied by the town against the property.

@Levi Giafaglione  I just stumbled across your post re: shipping container home and  land purchase three years ago. 

There is a great strategy to not get caught up in the franchise taxes levied on California LLCs by segregating assets into trusts. 

@Ashley Levy what you found is correct.

Wise people say to put it in writing and share with the world right.First off I want to share a quick thank you with @Ethan Cooke, @Avery Carl and @Kendra Levy for the excellent conversations I have had regarding your experience and approach on building your portfolio in this business so far.