Please offer any insight at all.

Talk to the local experts and learn what to expect, and that way when something comes along that beats that you know you got a deal, even if the rule of thumb you were following would've said you didn't.Always here to help, and I hope this advice gets you pointed in the right direction.

I would like to get insights on how active are out of state investors involved in managing large apartment buildings to give me an idea if I should get involved with this larger asset. 

Any insight on the best way to do this would be great.

Hi James, thanks for the reply and insight.

Thanks in advance for all insight

Let's make sure your ARV estimate is backed by actual data according to a neutral 3rd party who is an expert at this. 

@Erik Hitzelberger thank you for the insightful post.

I'm a rental property investor who just moved to Grand Rapids from California - so certainly not an expert about flipping, but I'd highly recommend attending local meet ups in GR to chat with folks who have been flipping recently and perhaps they have been finding deals. 

@Jamison HaussmanOK, so here's what I know about the market in Honolulu...a big fat nothing.I suspect that's sadly among the more insightful responses you're likely to get in this thread.