income, revenue to the state/county, these properties are less likely to be eye sores and can/will help drive up property values for neighbors (catch 22 here)...etc.i live in rural area on Maui and have seen my share of legal and illegal VRs pop up...i don't really have a dog in this fight either way, but would probably like to dabble in this market as well should the rules/laws change...right now the process here on Maui is just too cumbersome (probably that way to make it unattractive) to become a legal VR property.I do wish you luck and ask that you post back with your findings/results for the other Hawaii folks!

It may not even be legal in your neighborhood.   

Especially on an older home, the frame may not be designed to hold all of that extra weight.  

The borrower must have held legal title to the lot for at least 6 month prior to the closing of the permanent mortgage for cash out. 

Once you go to court you need to provide proof/documentation that they are behind on rent and any other legal documents pertinent to the eviction.The state then gives the court 10 days to schedule the set-out, unless landlord & tenant agree on a different time frame.

My intent is to help people keep legal and out of trouble.

Outside of the legal ramification that come from attempting to Wholesale you will have many more earning options as a licensed agent.As for strategy they are both similar.

I'm a licensed architectural engineer with 8 years of experience practicing mechanical, plumbing and fire protection design in Baltimore, DC and the surrounding areas.

Good that you bought it as an LLC, because it sounds like a law suit waiting to happen.If I'm reading this correctly, my recommendation would be to encourage the tenants to move, then start over with a new design, making sure to incorporate someone who knows a little about building codes. 

FHA will not insure a Mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining Investment Properties, even if the Property to be insured will be the only one owned using FHA mortgage insurance.”What are the exceptions for the “single property” rule?