However, the downside to our sunny move is the average price of SFHs in Honolulu is pretty hard to swallow as our first purchase (and we are both from the San Francisco Bay Area, so we are accustomed to high prices).

Warm greetings!

My name is Richard Tringali and my business partner and I have owned and operated a propagation nursery in Sarasota, Florida since 2005.

I am looking forward to meeting and learning fr...

Pool?

*Longer tenant occupancy (mine is on their 3rd year)*Tenant is responsible for lawn/snow removal*Tenant treats a SFH as a home, and generally takes better care of it*financing can be easier*Broader pool of buyers when planning your exit strategy (First time home buyers, investors, corp housing, etc)*overall less maintenance (Depends on condition but less units to repair during turnover)*less taxes (Depending on area)*tenant pays all utilities (Water, gas, electric)These are just some things to think about, and based on what my SFH does.

pay for taxes and ins. escrows pay for a Home Warranty pay for home repairs pay off credit card debt, auto loans, etc. pay off collections and judgments pay for new furniture pay for all new appliances pay for home remodeling and additions pay to have home painted pay for weekly pool maintenance pay for credit repair pay for landscaping pay for monthly lawn care pay for new A/C system sales price reduction pay portion to prior realtor for their efforts …and so much more!

When is the best time to secure insurance when the property is an REO with obvious deficiencies such as active roof leaks, broken windows (secured by plywood by the bank), missing kitchens, swampy pools etc...Down here in FL we need windstorm, flood and general liability and it's a big expense item.So obvious with those deficiencies when you ask for a quote they need a 4 point inspection report which will clearly document those deficiencies and that would increase the premiums even though your intention is to take care of them as soon as you close.What is the best way to handle this?

Thank you for your time and consideration. 1) Not really. 2) Credit, income, landlord reference, eviction record, criminal record, cleanliness of vehicle and clothes, type of pet(s) (if any), quantity of people they want to have occupy the unit. 3) We already market our units a little below market rent so that we can get a good pool of applicants to choose from.

That education is golden.Some downsides I can think of are: Having to live next to your tenant (potential for hassle), and having a "little" less of a buyer pool interested in the duplex when you want to sell (vs. a SFH).Hope that helps :)

This open up a whole new pool of properties that you can purchase very cheap for buy and hold, rehab or wholesale.

It's a nice thing that the town is big enough for a full pool of tenants but small enough for talk about a changing reputation for the property to get around quickly.I'm just glad it's all very definitely real now, and not some theoretical thing in a planning stage that I very certainly intend to do.