@Mitchell Rosenberg  - I think the overall thinking is that most prefer areas that have a growing population with a growing/stable economy base that is diversified.

I prefer service over anything meaning a property manager that communicates with me whenever I have a question and is quick to solving any problems. 

It all comes down to preferences. 

Hawaiian real estate law differs from other western states significantly, mostly due to its monarchal heritage and the Bishop Trust influence.The basics are the same as would be in California; determine the condition of title ownership (individual(s), estate (including conservatorship, if appropriate) OR fiduciary acting for trust.Use a qualified private money equity lender to make a loan sufficient to buy out the cash-only beneficiaryThe legal community in HI and Big Island in particular is small.

If there's enough duplexes that it's likely you find one you like in a reasonable amount of time (less than a year), then start looking at them in your preferred area.

I’d revisit the pricing, happy to go over it on a phone call if you would prefer.

My goal for next year is scale and acquire at least 5 more properties (preferably multifamily).

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership? 

Some wholesalers may see this as a hurdle or prefer to avoid the oversight from real estate boards.2.

I have partnered with individuals on fix and flips but my goal for 2025 is to buy my first LTR.