Perhaps when the business lines of credit grow after sustained  responsible use, the value will pay off in the longer run as compared to other options I may have missed/not thought of (such as what you suggested).

If there are other benefits for you where you can save money or a better quality of life it still might be a good investment just not a good rental.Bradley, thank you for your response.

And you are correct, in response to the Lahaina fires, most insurance companies here have changed their criteria, stopped insuring, become more stringent in property inspections, etc. 

Appreciate your response!

I forgot to mention, I suggest you confirm with the responsible government body (town, city or county) that the encroachment and proposed easement do not and would not violate zoning restrictions, i.e. setbacks or utility easements.

By renting to CityFHEPS tenants, you can have peace of mind knowing that your property is occupied by responsible individuals who are committed to meeting their rental obligations.4.

I love the idea of a solid MF meetup in the area.

Firstly that check is heavy 😂. 

You annual income and debt will determine what loan amount you will qualify for, you have a solid downpayment. 

The operations and money goes into the LLC bank account for shared responsibilities and expenses.