I'm going to run some details by you and I'd like all of you who feel you are qualified to advise me so I can learn how to properly analyze these deals and be more cognizant of potential pitfalls/mistakes:So, I found this property off market in a Chicago real estate investment group.

With the Hawaii market, will it be smart to be negative for a few years and let appreciation catch up?

I made two verbal offers and three written offers, and closed on one of the properties approximately three months after I initiated the property search.  

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

I am willing to offer my services like social media marketing, branding, presentation, organizing events, crunching numbers for free.

Are there any good REI magazines you all have found beneficial for things like market news/trends, success stories, etc.?

I just don't see how this works out profitably in the current market.

Hey Michael, Not sure which book you read about wholesaling, but here's the deal: wholesaling is mostly about sales and marketing.

the rents can be brought up to market value maybe of $5200 but that doesn't make sense either

A two car garage depending on your market is probably 15K-20K.