This is definitely not a route I would ever take investing in a situation/location like this.

Certain lenders could impose limitations or demand that you settle the current mortgage prior to executing this kind of transfer.Make sure your property is adequately covered by insurance.

Still, I'm concerned about potential tax complications given the property's location in Maui, my residence in California, and my in-laws living in Washington.Am I overlooking anything crucial here?

Hi Brandon, depending on the location you could probably cash flow more than that as a short term rental or mid-term rental.

Selecting the right location and property type is crucial to maximizing rental income and minimizing vacancies.Airbnbs: Your initial capital could cover the down payment on a property in a location with high Airbnb demand.

Biggest take away is finding a location or a property that you can run the numbers on any renovation or market to check future ARV/equity.You want to have equity built up in the shortest amount of time to try and refinance to take cash out or take out a Heloc. 

Across locations?

An important point of clarification when talking about the Southern part of Dallas is that "South Dallas" is the name of an actual neighborhood, located around Fair Park (where the Texas State Fair is located).

But I know I made the right call when I sold some properties end of 2021/early 2022, and did not 1031ex, but rather paid taxes and eliminated debt on the properties I wanted to keep.I’m hoping to keep what I have for as long as a I can stand managing them (at least they are nice properties in prime locations…but as I get older my tolerance for hassles diminishes ;)  So I don’t fool myself for a second acknowledging that there are all kinds of external factors that may compel me to sell.

I have an option to purchase an MR1 lot in a great location in LA but I'm skeptical regarding uses for this kind of land.