Real Estate Law
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If you are going to be renting the property out, you may want to have the title to the property held by a separate entity -- such as an LLC -- in order to provide you with protection in the event that a tenant is injured on the premises and tries to sue. Having an LLC provides you with insulation from personal legal liability.
It is likely best to see a local attorney in Hawaii to set up an LLC for your condo ownership. Here's a good link you can read about establishing a business, excise licensing procedures, etc.: http://files.hawaii.gov/tax/legal/taxfacts/tf2015-31-1.pdf
If you do decide to form an LLC to own the condo, you would have to establish a separate bank account and have the money run through the account, which would serve as a pass through to you (money would pass from the LLC to you).