Hi,We are looking at an REO property that will not finance traditionally.

Admin: Your office, contract, legal, generally paperwork business.Operations: Your management, repairs, contracting, the physical business of real estate.A&D: Lead generation, offers, networking, essentially your sales arm (to view it from a traditional business perspective).What's interesting is that the book emphasizes hiring a full-time A&D role, last.

In Hawaii market, traditional real estate deals dominate the industry.I went to one of the local REIA meetings and discovered that Hawaii is not for lower budget real estate investing.

I then decided on finding a zero-money down traditional hard money lender.

If the seller(s) makes enough income to utilize most or all of the tax deduction, they can often net more from the tax deduction, combined with whatever amount of cash the buyer pays at closing, than they would from a traditional sale to a regular all-cash buyer.

But ...Most investing is about cash flow and ROI and they blow away traditional ROI with what is happening today.

For example, the price that the Chinese investors paid for the Waldorf won't make a lot of sense for a conventional real estate investor as it won't hit a reasonable return even under the most aggressive assumptions.  

My ultimate goal is to put my blue collar traditions behind me and build true wealth through multi family residential ownership.

My current property has it all rolled into one payment through a bank with a traditional loan. 

But this duplex is probably the only traditional mortgage we'll be able to get with our debt-to-income ratio (that puts it right around 43%).