It’s my understanding they rent out for far less than other locations but if you can scale this process you can do quite well.

Lastly, understand the lifetime value of an investor.

My understanding is that they're just applying for business credit cards for you, and charging you $3500 to do so. 

Keep meticulous records and understand what's deductible and what's not.

Whether you're a seasoned investor, a curious learner, or a multi-family development expert, I'm excited to engage in thoughtful discussions and expand my understanding of this dynamic field.I look forward to contributing to and growing with this community.

@Walt Viera, read "The House Hacking Strategy" by Craig Curelop to understand the overall investment concept. 

Also I am looking for an experienced realtor on Oahu that has worked with investors and understand the investor mindset.Type of house hacking strategies I am considering:Multiple units (duplex, multi family home)Single home with roommates (rent out extra bedrooms)Single home with vacation rental (Airbnb extra bedrooms)And here are my criteria:Budget 60-75k downpaymentEastern windward side of Oahu (Kailua and surrounding neighborhoods)Renter or vacation goer friendly locationLightweight rehab (no fixer)Aloha!

HE DOES NOT UNDERSTAND ANYTHING AND SAYING ITS ILLEGAL.

In particular, I understand that before partitioning I will need to have my mortgage lender release the lot from the lien.

. $0 down.Since then, I have completed a cash out refi on this property.Don't under stand what you mean by "$400 over PITI is not 400 CF"?