AndFor a $250,000 debt/ LIABILITY…. the cash flow is zero… and you’re still put $ 20,000And the Gurus are selling these as a way to make money in 10 years when they appreciate.SOMEBODY BUILD A REAL DEAL BASED ON TODAYS NUMBERS… Use all of the tools available.And build a REAL DEAL THAT SHOWS STRONG CASH FLOW WITH ZERO OUT OF POCKET ( or build what you can)I realize that I jumped in with both feet….

It sounds like you have spoken with an architect but it's not really clear to me what you believe you can build or renovate by right based on the current zoning and existing structure.  

As you move further in your investing and have many properties, then you can start putting multiple together still based on risk tolerance.

I’ve spoken to other investors in the area and I am aware of the average nightly prices for similar rentals based on the seasons.

Based on my calculations, this would lead to cashflows around $700 per month.I am now looking more into FHA loans and wondering if that would be a better idea since I can only use this on my first property.

We are based on Maui and are looking for SF homes and condos to FF and possibly hold for LTR/MTR.

It's an asset based loan so most all the requirements will be dependent on the rent covering the debt so if you have cash but no stream of income it'll be the way to go.

Make a decision based on the numbers.

My wife and I are in based in San Jose but we have lots of connections in Utah.

So, join some of those Indy based real estate groups on Facebook.