They show that the company utilized $2,810,186 in cash for operations in 2016 and $2,885,426 in 2017.

It's customary in our industry to accept rent in advance for only one month at a time.

I am planning on utilizing all of the above to various degrees, but would like some insight on what has worked best for experienced investors.

This can be a touchy subject here in Hawaii...most folks rely on the hotel industry for employment...VRs can/do take away revenue from hotels. 

@Todd Dexheimer What if you used an industry standard for expenses, but when looking at their financials instead of, say, 40%, expenses were 45%, 50% or even 60% of the gross income?

What you need to do to become successful in either industry is search, scour & hunt for people who want to sell their home.

Hey Michael, I have been in the water and sewer industry since I was 16 working for my uncle, I might be able to help.

Also, there is a good event company called Biznow that does local Q&A with industry leaders on a frequent basis.

I’m looking to become more active in REI and utilize the equity I’ve built out in my property. 

And don't get me wrong this wouldn't even be a discussion if it wasn't strictly utilizing the low money down FHA owner occupied situation to take advantage of getting the property paid off over time by the tenants.