Places like Kapolei, Ewa Beach, Mililani, and Laie (with more buildable land, less attractions, heavy traffic, hotter, or far away from jobs) experienced a considerable (but not huge) dip during 2008-2009.

Some drawings and quick calculations usually have these violations cleared up in a couple of weeks as they get processed through the building department.some more complicated code violations like illegal additions can still be fixed but they require more drawings and work and tend to take about 3 months, however, once these additions are legalized the value of the home goes up so it's usually worth it.

As far as I can tell, their buying has slowed considerably the past several months.2.

I second @Ned Carey 's considerations.

-Get W9 BEFORE the first draw or you can guarantee asking for it all year.Reserves, if you feel like you have enough - double it.

If you have a lender who is willing to do this it should not be difficult to draw up.

The first thing to consider is every investor is different and has different appetite for risks - or might even have other considerations in mind - so no two deals need to be structured the same.

Make sure you take all of that in to consideration when running the numbers on the building you're looking for since it will be a difference of hundreds of dollars a month.

These are some of the other considerations.

Curious to know what I was outbid by, I checked the county record and the owner's name has been updated, but the consideration shows zero.