Be aware of hidden damages in foreclosed properties, factor in potential vacancy rates, and consider property management for a larger portfolio to streamline operations.

I am wondering if I should let others know about this potentially risky "investment"!?

In terms of cost, you just give up a percentage of the potential collected rents so there normally isn't' an up front cost to send someone to collections. 

Still, I'm concerned about potential tax complications given the property's location in Maui, my residence in California, and my in-laws living in Washington.Am I overlooking anything crucial here?

Since I was a medical student, I've always been passionate about making smart investments for my future, and real estate has piqued my interest for its potential to generate passive income and build long-term wealth.

I had some cleaning up to do after the inspector assessed it.

I'm curious to know: What key factors do you prioritize when analyzing a potential real estate investment deal?

This would be a non arms length prohibited transaction and would potentially result in the entire IRA being distributed is my understanding...the only way this could be possible is if the OP is or becomes retirement age in the next two years.

You can consider buying rental properties for steady income and potential appreciation, do house flipping for quick profits or explore REITs for a more hands-off approach.

I have non qualified stock options through my W2 employer now that has potential in about 5-8 years to exercise.