Leasehold property worth it?

[Michael Irby]

I am hoping I can get some advice from experienced Hawaii leasehold investors. I have lived in Hawaii for many years but now that I’m a traveling healthcare provider, I am off island more often than not.

When I’m not on contract I would love to have a place to return to and when I’m away I would love to rent it out for some additional income.

I am very familiar with the strict zoning laws for Hawaii short term rentals but most Waikiki apartments are either too expensive or leasehold only properties. 

Is it worth it to invest in a leasehold? Is it just throwing away money when the lease is over? Help!