In hindsight it's easy too see.I don't see any unhealthy development, at least not yet.

Is this a foreclosure or are you working with their Department of Neighborhood (DND) development?

Eventually you will need to disclose if a buyer is going to do the deal.

Knowing the territory and developing relationships are essential to finding investment opportunities.

Exception is managing your own property, or hired by, for example, a developer to show only their units.If they are not licensed, you could tell them you will report them to the Department of State (or whatever agency licenses Real Estate agents/brokers in your state) if they don't give you a full accounting of funds and all the paperwork involved--lease, records, etc.Your attorney could also subpoena them to appear in court during the eviction hearing if they don't turn over the documents and accounting. 

Maybe you could collect enough to do it again eventually even without the acceleration of a mortgage.

While I'm certainly hoping to buy for the cash flow, not for the appreciation, this home is a couple blocks from the beach, as well as one of the hottest towns in Maui - a town that has no room for further development, but has people moving here every single day.

It is very easy for those who sell convenience to develop a deep sense of contempt for those who buy convenience.

Eventually, I would like to have enough cash to work into bigger multi-families expanding across the country and be able to hire managers.

You get long term finance and if one renter goes out you still could possibly have cash flow to pay the note.Another option is to buy a house in stage zero of a new home development where homes are just going up.