Reason for that is Hawai'i real estate is ridiculously expensive so I won't even be close to having 20% down.

Generally speaking, he rants a lot about Taco Tuesday buyers (the uniformed masses, buying out of priced-out-forever panic), and then highlights the listing(s) showing how ridiculous (in his opinion) the market has gotten. 

There's also a short list of things you have to abide by or provide, some reasonable, some ridiculous and unclear.As for expenses, utilities, cleaning, and supplies are the main ones you need to factor in

Current Data are:NOI using previous tax assessments is 37,000 per yearAnnual Rents are 43,200 per yearCurrent accepted cap rate for comparable sales in the past year is 10%With these numbers, the sellers are using a cap rate of approximately 9.25% BUT using previously ridiculously low property tax payments of 2400 per year.

I mean this is ridiculous.

If the numbers make sense even when you factor in additional maintenance for repairs, would you invest in it strictly for the cash flow as long as crime isn't ridiculously bad, or would you steal clear and why?

Berkeley multifamily properties have been selling for absolutely ridiculous prices this year, but I would prefer that option if the right one is available.

It may work for uninformed buyers but not for investors who do their research.Are you denying you made that ridiculous response.....doesn’t seem so.  

Now, I'm sure, they will try to charge late fees.I can't believe the ridiculousness of this!

@Wesley Merville It's nice to see someone with an intro a bit on the long side, though not as ridiculously long-winded as mine ;)With regards to mentors it's a pretty tough break for a newbie isn't it?