You have good tenants who pay market rent (more or less) and are willing to sign a 2 year lease...one thing I really like about keeping good tenants is that your vacancy rate will be a big fat ZERO for the next 2 years! 

I would see that as a big fat red flag

I may have fat fingered some numbers.

So I hopped on BP and searched "lead propeller" thinking I would see DOZENS of threads - but I got a big fat goose egg. 

Separate issue though...unless there a way to argue with the lender that flood insurance is not needed...fat chance i assume.Any thoughts? 

In the event I'm a big fat failure they can foreclose by doing an SPE (Special Purpose Entity) Transfer of the LLC in which they become the managing owner and it doesn't affect me personally.

Do focus on making a fat list of properties, make a list of the UGLIEST houses on the block.

John,I am new here at BP but pass through Concord all the time traveling from Hillsboro to Portsmouth almost Daily.Would love to meet up and chew the fat if you are interested.Let me know.Stephen

@Jamison HaussmanOK, so here's what I know about the market in Honolulu...a big fat nothing.I suspect that's sadly among the more insightful responses you're likely to get in this thread.

But the hardest thing to do is sell to an end buyer/occupant, even at a fat discount, when there are still updates to be made -- hell, you are an RE agent, I don't need to tell you.So maybe find a local rehabber that has some crews he needs to put to work for 3-4 weeks and price it out.