There are a lot of tire kickers across the board, so that's part of the game, but they might just not know how the neighborhood works.

Non- recourse are the exact opposite: you are not personally responsible but it requires certain criteria like experience etcetera: These are Fannie Mae and Freddie Mac.All professional real estate investors go with non- recourse.Real estate is a numbers game, the bigger the better.

I've seen contracts for other states but I understand real estate laws vary by state.

It's the best way to determine if you are winning or losing in this game.

You May have to share a % of equity with him but he will have real skin in the game then. 

A true TK will have their own PM team.... full skin in the game. 

Soon you will find a network of higher net worth investors who got out of the sfh direct investment game and now laugh at this race to 10.

The short term regulations vary by county so what is legal in Hawaii county (big island) is not necessarily legal in Maui county Lanai Maui and Molokai NMhappy to offer feedback but it seems like you're actually only concerned with Honolulu Waikiki.also they (the state legislature) just passed a bill like yesterday that requires Airbnb VRBO to collect a short-term rental taxes for vacation rentals legal or not

I also track auction.com and Amlin auctions, but I've never pulled the trigger on any as I need a little more cash to get in the auction game.

The game plan was to fund with a commercial loan upfront, and reinvest all of the initial cash flow back into the property so that I could ultimately pull my capital out.