Condos as vacation rentals in Hawaii

[Vincent Ballew]

I have some questions on purchasing condos in Hawaii as a vacation rental and was wondering if anyone could help me out.I know location would greatly effect this but overall how do they perform with all the expenses? The fees seems like they can be pricey HOA, management,cleaning fees. Do you have to buy a million dollar ocean front condo to be successful? Or can you get something cheaper away from the beach and still keep it rented? The idea of having a condo in Hawaii renting it out when I'm not using it is a dream of mine and thought I should at least ask the question to see what people had to say. I don't have my heart set on a particular island so I understand the question is pretty vague but if anyone is welling share their experiences I would greatly appreciate it. The other side of me thinks I should continue investing in what has been working for me and use the extra money to vacation and not worry about the extra headache of a vacation rental. Again any advice or experiences would be greatly appreciated!