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.

Each lender came back with varying deal obligations and as you will see below Commercial Lending is the Wild Wild West: The first didn’t want a second on my primary residence but wanted 30% down and for me to pay for inspections and appraisals on each property (6% on 3 year callable, 20yr). 

Definitely swings the numbers a little bit, but the extra ~$500 / year for a SFH or duplex shouldn't change the game too much.

Along side that I'm wanting to get in to the buy and hold rental game in a few ~B- neighborhoods.I've never worked with a buying agent before, and they usually seem to be focused either on "homes" or "investments".