You can buy a place for $60,000 and feel you are ready to roll and some crack head breaks in and steals cooper that can net them $20 but costs 3 thousand dollars in damage.

Each of the four main Hawaii counties runs its own STR program and the rules differ substantially between counties so detailed research is key before making a purchase.

But in my head, it makes sense to shoot my shot with a slightly lower offer on all those houses and see if I can get lucky.

Have not found one yet that will do it even with substantial equity. 

Hi @Hannah Spanke,If you're interested in investing in San Diego, having a local team in place can be one of the most imporant factors in making sure your rental property is profitable.Having worked with @steverozenberg, Bigger Pockets contributor, professional real estate investor, and Head of Investment Education at Mynd Management, I've learned that not having a local team can be one of the biggest drains on investors return on investment.

I am getting more familiar with running the numbers and now the wheels are turning in my head when I see a property.

@Monica Labrada, If you're interested in investing in multifamily in the greater Tampa area, having a local team in place can be one of the most important factors in making sure your rental property is profitable.Having worked with @steverozenberg, Bigger Pockets contributor, professional real estate investor, and Head of Investment Education at Mynd Management, I've learned that not having a local team can be one of the biggest drains on investors return on investment.

Finding out city zoning for new construction on this property, finding out about environmental impact, speaking with the development head in the county, also getting information on the water sewage and electric for the property and what it’s connected to.I offered one of the investors, let’s do the flip.

I try to do 1 or 2 per day since I'm still trying to wrap my head around RE investing and my competitive/expensive market. 

What I always do in the event of a bad foundation (or really any substantial repair I did not expect) is I'll get an inspection report done, get some quotes, and take out that cost from my offer.