Traditional Mortgage won't work on this house, unfortunately, as it needs a new roof and there had been some water damage in one room in the house, necessitating removal of drywall (it was caught quickly and there is no mold or mildew.

Melissa Lieb I would love to assist you in any way I can to find you a property that will cash flow and cause you as few capital expenses as possible, through selecting the right property for you.

The other option that we've had success with is to offer "cash for keys" to get them to leave sooner and without doing damage.  

Last hurricane to do damage to Oahu was Iwa in 1982.  

Stay on top of them to be sure they're not trashing your place and put them on MTM and the minute they are late, cancel their lease and get them out.We have higher end properties where I would never do that because they could stiff us for more money, but for the lower end ones, yeah, we'll do it.My only concern with dancer applicants is generally the kind of people they hang around, and the potential for visitors that are unwelcome or causing trouble at the property.

Continuing with the scenario, let's say the property gets damaged and the new owner has insurance and the insurance proceeds go to the new owner and not jointly to us.

"Appliances are provided for the convenience of the renter only, and any damage will be deducted from the security deposit", and similar type wording.

Meanwhile, you will pay a very high price eroding whatever profit you expected or worse...going into negative losses as ongoing delays caused by Sherman Bridge Lending force you to pay spiked interest rates for an extended period of time leaving you at their mercy as they control your refi by threatening high fees as a penalty for seeking refi elsewhere.

Maintain good credit habits and remove the negative1 - You want to get rid of collections or inquiries that will damage your credit score.

Cause we both know that won't happen.