Is this the kind of situation I should stay clear of?

Renters are very “monthly payment sensitive “You could raise it 2-3% but you better make darn sure the guy with the same kind of property down the street isn’t offering his cheaper .

By adding tile floors, new cabinets and counters, new fixtures, new applicances, I think I should be able to get $1900 for rents no problem.I have not done a renovation of this scale, so if anyone can recommend contractors in Honolulu, Millani, Kailua, or Oahu in general that would do this kind of work, please do here or PM me.Also, I have no idea if I am able to write most of this off as repairs, or will I have to amortize the cost (not favorable)?

I think it's important to have a business plan. i havent started my investing yet so take my opinion with a grain of salt but the more I think about it the more complicated it seems. really what im trying to do is just buy multi family properties at some kind of discount. add value by renovations or by purchasing in a down market. then fix it up to my companies standards and get them rented out one unit at a time. some of the things ive been thinking about include financing. how will i finance deals after the first 4 or so when the banks stop lending traditionally. also how much do I need in resurves to cover everything from fees to extra holding costs to a major cap expenditure. i want my business to have a plan so i will succeed no matter what. so i think its important to think about those types of concerns regardless of what type of investing you're doing and factor those in to your plan. im excited to save money for the first deal im only at 3k so far.

hi Erica, building any kind of list is all about personal relationships...Are you reaching out to people on various forums (esp here on BP), your social channels etc finding out about their investment goals, what kind of properties they are looking for?

It is going to take that kind of attitude to achieve those goals. 

Does anyone know anything about sponsoring core deals or know someone who sponsors these kind of deals.

That's a solid price range, but as for areas it really depends on what kind of properties you are wanting.

Every year there is this big confusion, gets resolved and the next year, things start again.I know I am venting, but is there a department in the banks' loan division that is equipped to deal with these kinds of matter so that it doesn't happen every year?

How often do judges honor these kind of motions?