She has helped me fix items and helps with the Quickbooks accounts. 

You might find a good deal here or there but most of the items are garbage (esp on craigslist).  

Only one action item that you need to accomplish to get to your goal of buying your first rental property.

If your property is newer and you hold for say ten years etc. you will have bigger expenses hit bringing your cash flow down in the middle to later years as bigger ticket items start wearing out.1,100 in rent for 85k is not bad. 

The best way to learn rehab cost is to find a guy at reia or recommended who does work and offer him a little money to walk a property with you, point out the problems and "common pricing" for these items, thats not the time to ask can I get it done cheaper, you want to be able to look at a house and throw a rehab cost in 20-30 mins or less, so you will get common ball park pricing for items.

And reality is that cash flow could be (well) above $6000 because some of that 50% is based on items (like vacancy, management) that you can somewhat control and minimize and some you can defer to later. (*) If I were in the 0.5% (the really top end, e.g. google founder stock) then I'd focus on issues at a completely different level.

I'd be happy to answer any questions you have about owning vacation rentals in Hawaii, if you want to send me a private message or colleague request.One item to consider when you are running numbers on possible properties in Hawaii is the cost of electricity.

You should have a number of items that will appear on both lists (i.e. car payment, credit cards, etc...).  

Hey @Kimberly Gillock These are the things normally included in closing costs: A fee for running your credit report.A loan origination fee, which lenders charge for processing the loan paperwork for you.Attorney’s fees.Charges for any inspection required or requested by the lender or you.Discount points, which are fees you pay in exchange for a lower interest rate.Appraisal fee.Survey fee, which covers the cost of verifying property lines.Title insurance, which protects the lender in case the title isn’t clean.Title search fees, which pay for a background check on the title to make sure there aren't things such as unpaid mortgages or tax liens on the property.Escrow deposit, which may pay for a couple months' property taxes and private mortgage insurance.Pest inspection fee.Recording fee, which is paid to a city or county in exchange for recording the new land records.Underwriting fee, which covers the cost of evaluating a mortgage loan application.I crossed out the items which you shouldn't have to pay for if you are doing straight seller financing.  

I put a notice on his door 3 days ago to remove the personal items.