With a bit of framing, it could easily be a two bedroom unit.

If they are professional, they can explain this quickly and easily.

Christmas to New Years is easily $30,000 of income.   

Our situation:End goal is to have a single family home in Maui in a few years...We have roughly 257k equity (conservative estimate) in our single family home after about 7 months of ownership (thanks to locking in our purchase price a year before we closed).My current primary residence mortgage is a 10/1 ARM at 2.75%The house payment is easily covered by only one of our incomes (I'm married) and I've recently got a pay increase that is more than our current monthly mortgage.My desire is to buy an investment condo in Maui, and rent it out at about break even.... to either move into when we move to Maui or to sell our current primary residence and the condo for a single family home in Maui.I need roughly 140-150k for condo downpayment and have about 30k currently.Would the best move be to do a cash out refinance to get the rest of the needed funds?

I can’t count the times that I’ve been approached by someone who has no experience, no site and no capital with a JV proposal.Taking on a “partner” with these “credentials” requires the experienced developer to not only do everything normally required to execute the project but to also teach the novice partner.The time and effort involved on the developer’s part to teach the novice partner will easily double the work normally required to do the deal.Anyone that hopes or expects a developer to train and share equity with them needs to adjust their expectations and bring something of value to the table in addition to any sweat equity offered by the novice.There are ways to get into the development game but they must be logical to both parties and make financial sense.I’d be happy to discuss this further with anyone that is considering getting into ground up development.

Make sure your MLS search includes homes with an office/den/office/bonus space/converted garage etc. that you could easily convert into an extra bedroom.

(welcome to Newburgh NY) .....i can easily rent out the units for 2100-2300 each the property has multiple violations.now my question is is it worth paying them?

So they seller could easily net twice as much if they have the ability to wait a few months.Generally well above market asking prices aren't going to be worth the hassle if you are trying to do volume. 

LLC's are fairly easy to set up and will more easily allow you to setup an operating agreement to make sure all members agree to the terms

If I had a big enough pile of money I could easily live off this doing it by myself.