If you are risk adverse real estate, (especially out of state) is not for you.

You can't overcome those problems, especially as someone with no experience. 

Like most new investors starting out, I have a few good things going for me (steady income, great credit, education resources, support from family), and a few barriers to overcome (no cash, no assets, limited network).

Some questions I have about the process.What hurdles do I need to overcome when adding a living structure? 

The above assumes a 30 year fixed FHA, 15 year products have lower annual MIP, but the down side is the much higher monthly payments which may adversely affect your cash flow.

You are also very right that HOAs are on the way up, and that plumbing, for instance is often old and rusty, which means special assessments are potentially around the corner... nothing is easy but mucho adverse trade winds in Oahu I detect :)

If you are risk adverse real estate, (especially out of state) is not for you.

If you are risk adverse real estate, (especially out of state) is not for you.

That's a shame but I'll overcome and adapt!

The way I read that, the seller could at any time in perpetuity come back and devalue the property by removing that structure.It sounds like you need an attorney to advise you on the best course of action, but at the very least, a claim of "adverse possession" is worth looking at.