Well, it looks like I got my second choice:
The owner accepted my bid; now all I gotta do is get final approval for financing. It shouldn't be a problem, but I'll admit I won't rest easy until we've made it through a few more steps, including a professional inspection!
The location is great in a lot of ways: near to my work (within 3 miles), a few blocks from great restaurants and what I consider the best mall + shopping center in Hawaii.
The complex is both nice and safe, with good security patrol and a recreation area and pool in good condition. The buildings seem well-maintained, and I think I can fix up the condo to look pretty nice.
It's pretty tiny, though, at just 850+ square feet. Yikes! But that's Hawaii...
In many ways, unless the inspection reveals some significant problems, I think the property was underpriced.
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