Hey Everyone!
I am going to manage some properties in Kauai next month and need to setup Trust Accounting at a local bank in Hawaii. Does anyone have recommendations on banks or have a contact I can reach out to s...

First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.

How are long term rentals doing?

Sounds like you will need a short term hard money lender for this transaction and a JV partner for the downpayment.

In addition to being a long-term real estate investor I have been a commercial/res appraiser, historic property renovator/contractor, property mgr and more so I don’t mind properties with issues as long as they are fixable and priced accordingly, and my investments are all about the numbers (NOI/Equity).

Our priorities in terms of market is there needs to be- anticipated economic growth (lots of tech companies are moving into Columbus),- prices need to allow us to buy in all cash (400k or less, ideally up to 300k),- we want the area to be safe (when looking into places like Dayton, OH or Memphis, TN for instance it looks like all our boxes are checked on paper, numbers wise but we realized quickly there are a lot of unsafe areas and we could have the potential for problem tenants)- yearly expenses to be relatively low (i.e. we are avoiding NYC and the tri state area, California, etc. for having extremely high taxes).Is our initial analysis on the right track for Columbus?

I currently manage a highly successful short-term rental arbitrage in Houston, boasting over 170 reservations in the last three years.

@Tatyana Sherban Considerations are speed, imterest rate and other terms, hassle and complexty of getting loan, and in some cases probablity of getting loan. 

A tenant could stop paying and break every lease term not related to health and safety and you could not evict.  

Purchase price: $290,000 Cash invested: $45,000 Short Term Rental (Airbnb) What made you interested in investing in this type of deal?