We'll likely see a spike in them over the next few months given the economic climate, but I wouldn't focus on them specifically.

To have this amount of leverage on a property, especially in light of a shaky economic future, seems like a bad recipe to me.

:Exemptions and special classifications in Escambia County:Regular Homestead ExemptionAdditional Homestead ExemptionOver 65 [Senior] Homestead ExemptionWidow/Widower ExemptionMedical Disability ExemptionVeteran Partial Disability ExemptionTotal Disability ExemptionVeteran’s Total Disability ExemptionVeteran’s DiscountMilitary Homestead ExemptionAssessment Reduction for Living Quarters of Parents or GrandparentsTangible Personal Property ExemptionAssessment Limitation on Non-homestead PropertiesSave Our HomesPortability of Save Our Homes BenefitWholly and Economic Development ExemptionAgricultural ClassificationEverywhere is a little bit different. 

This is a big one because if people must sell, they’ll be further adding to the inventory and price dropping war goin on in the marketplace causing more downward pressure on asset prices.Unemployment rising — Many people will lose their steady employment due to economic challenges during a down market.

I am trying to get a sense for what is involved in undertaking a project like this in either of these markets, and whether or not it still makes sense in today's economic environment. 

A concern I have at this time is that overall the market is slowing here on O'ahu and with some US and global economic challenges, it seems like there will be better investing opportunities if one is patient.  

Check local newspapers, business journals, economic development commission, chamber of commerce, etc. to find these events.2.

I imagine there's some improved economics for both sides.Further, would it be possible to combine efforts in a given region and have 10 property owners with 20 units each bid out their PM contracts as a group?

The holding LLC would have contracts with each subLLC to manage it --- basically its an in-house Property manager..I think many would put about $1mil of current value (equity isn't the correct term since you are probably leveraging so your equity is really small) in each LLC to economize. 

I think that a judge will say that you accepted the repair by the act of closing (unless the invoice misrepresented the work done).HVAC is one of the most expensive and technically inaccessible aspects of your property.