It is definitely not a starting point for a beginner.

Hey guys, I’m a beginner and am currently looking for some Domain name ideas.

I'm not familiar with the Hawaiian STVR market but I'm concerned that your occupancy margin is too slim - if you need 50% occupancy just to break even, and only project 65%, that's not a lot of room for error.  

As far as the basements are concerned, make sure you can put bedrooms down there first.

Owner is very concerned about tax implications and firm on price.

Speed at which interest rates have climbed is more of concern that interest rates themselves.

You are within your rights to do so.If you are concerned about it enough then seek out a RE attorney and pay them $100 for 20 minutes of advice. 

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast

However, you are a landlord, your only concern should be if they pay their rent on time, keep your place clean with no damages and are not doing any criminal activity in your property. 

The comments you made about some repairs would be a concern windows deck etc...3.)