I've yet purchase my 1st property and in looking at various neighborhoods there are certain ones that appear to have a number of rental available.Should I avoid areas with a lot of competition for fear of having a hard time renting my unit?

A new popup window appears, giving you the option to add to an existing list or create a brand new list.I'm going to add Dave to both of my current lists.Hovering over their name in the forums will give you a quick view of how many lists you have them sorted into.

We haven't yet started marketing here in Hawaii @Michael Borger but we have done some farming in a one area where there appears to be a lot of potential.

Yes you will need some upkeep on the re-sealing / staining every few years for appearance and performance. 

The rents are below market and the units appear outdated.

I agree that it appears to depend on where you are located.

It appears they did it at night and kicked down the front door.  

.- Sales and Use Tax- Use Tax Payment Only- Employer Withholding Tax aCCOUNT- Unemployment Insurance- Transient Vendor LicenseAs I was applying for an EIN, the below options appeared.

Monitored the house, and found dogs locked up inside defecating and urinating for what appeared to be many days.

What has your custodian said of their rules as they follow the IRS rules but they may also have a layer of their own.You are acting as a lender via your self-directed to someone that does not appear to fall into the prohibited transaction.