But, the big concern is babies eating paint that has chipped and is on the floor or ground or peeling on the walls.

Just be careful so your husband didn't eat any ;)

How does this occur / who is eating this cost?

Would you eat it or take it out of her security deposit at the end or how would you handle it?

They try to have the cake and eat it to.

They all eat, work, and sleep in shifts, but it might be worth my while to add another bathroom and laundry room.  

I did find a local cu that could do 20%, but it was only a 15 year note (it would eat a huge chunk of my cash flow).

I get down there a few times per month and would enjoy meeting up for a quick coffee or bite to eat sometime.

That can eat into cash flow pretty fast.You should work with a lawyer to get a proper contract written up.

Hey @Raffy PasionAs others have mentioned its going to be a bit hard to make that amount work well on an out of state investment.In addition to finding it and making sure its not in a war zone, make sure to consider that:You'll be a small fish for the property manager, they'll have other clients with more properties that will be at the top of their list.Your PM will know you are out of state and there is greater potential for fraud issues thereAnytime you want to visit your properties your going to spend 2 days traveling and $1000+ in airfare, hotel and rental car (This could alone could eat up half a year of profits and kill your returns)I think in this situation you would be better looking at doing JV deals on Oahu or an outer Island.