rents are $750 per unit, $3000 a month, about $2500 in expenses 

Sure doesn't sound like over-rehabbing to me either.To your list I might add: **Change out light fixtures and/or ceiling fans to something inexpensive but current (light fixtures tend to date a place quickly)**Change out cabinet door knobs and pullsAs for an indicator that you're over-rehabbing... maybe if someone walks in and says, "By golly!

I know some people feel that it damages too easily but, it also repairs easily, is very inexpensive, and installs VERY easily.

This seems like an inexpensive education with low downside risk.  

I haven't used them to buy a house outright, I don't have houses that inexpensive in my area. 

It's almost always more inexpensive/unit to go with a SFR. 

Then they offer those smaller homes inexpensively to people (except that you can't find a place where to bring it)You can't just tie it up at any marina, as you need a 'live aboard' permit.Don't know what's allowed to own your private marina.

Do the fairly inexpensive things suggested to depersonalize the house.

There are a few condos in Waikiki that are leasehold properties, so they are relatively inexpensive compared to fee simple condos.

I already have brokers that can help with mls searches and inexpensive closings.I look forward to a bright future within this community!