In real estate its messy and there are always repairs and capX projects that seemingly pop up from time to time.

They do an inspection, look for potential costs with repairs and produce a final report.

The key is ensuring the after-repair value (ARV) supports refinancing to pay off the initial funding without overextending.Fix-and-flip - This requires sharp numbers and market knowledge.

This is my first time reading of your experience with this property were you able to complete the 80K in repairs ?  

You can go to Redfin or Zillow and see the level of finish houses with short DOM have in the area, can you at least match that quality?

These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.

So, communication and assignment issues, as well as not being able to explain the maintenance issues and the required work.3) Proper documentation and quality of work issues.

Pick a market that: (a) meets this above,    (b) is a place people want to live,     (c) you have the resources to do what you do there ie PM's and quality agents. 

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

Lei, I'd be happy to serve you any way I can.For Ko'olina, I love the Beach Villas (as well as the entire Ko'olina area) and if you are primarily looking for a very quality property for you and your family to use, I'd recommend it.