I was cut down to 8 hours a week and with no savings and large amounts of debt I ultimately had to file chapter 7....Hardest time of my life as a new father of a 6 month old and husband of a stay at home mom to tell them Daddy couldn’t pay the bills.However I have an amazing wife that helped me through everything!

I hope we both achieve our goals in life and in REI.

I have found properties on Hawaii Life that were not on the other sites. 

Here is a real-life scenario:1.

If you choose not to pay yourself that is up to you.I Rehab all my properties to “like new” condition.  

What would you do with the 90K and my life situation?

If there's any sign of life, then underwrite the property.Good luck!

I'd like to begin with an inspection of the property prior to giving them notice in order to document the condition of the unit and do some maintenance checks on filters, drains, etc.I've included more background below.

You probably don't do your own legal, accounting, plumbing, etc. so why on maybe the largest transactions of your life ever try to do it yourself. 

I dont mind leaving 8-10k on the table. house was built in 2003... so it's in pretty good condition. mostly cosmetic/marketing upgrades that need to be done. so now here's where Im at. monthly rental income $2400- 5% vacancy $120 - Taxes $700 - Ins $120 - self management $192 =$1268. if I cash out 192k @ 5.5% (that's what I was told going rate for 2 family investment was) that's -$1090 = $178 free cash flow..