And due to the increase in the cost of purchasing food at the grocery store which has been pushed up in price, and also the must have purchase of gasoline to get to your wage slave W2 job which has also gone up so much since they stopped handing out money to people.

Those who give me an estimate, don't give me a break up of costs.

Don't be an absentee landlord... it costs a lot of money...

I had the time and it didnt cost me anything and now hes giving me a lot of good tips about a new branch of real estate ive been wondering about.

However, it might come with higher maintenance costs and more management responsibilities.Financing and Down Payment: With your savings and HELOC, you can make a substantial down payment of 35-40%.

I checked out neighborhoodscout.com but I am wondering what good competitors are out there, and if there are any free (or lower cost) alternatives.

Think of it as making new friends with benefits – of the real estate variety.Leverage Your Cash: Use your cash for down payments and renovation costs.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

.- However, the thing that makes Hawaii very doable is that the cost of flying is cheap, from CA one way the cost is $90-$200 depending on the season. - Every Hawaiian Island is very different from one to another, and between towns is also a bit different.