Opinions on Hawaii Short Term Rentals

[Account Closed]

Would like some feedback on options from people in the know on Hawaii (or Miami). Got about $5.3M to deploy somewhere through an LLC. Considering an all cash purchase to "park and profit," but open to debt. Considering Hawaii both for short term rentals (likely on the Big Island, in Kona; and/or Miami) and long-term multifamily in Honolulu, one unit I might live in. Open to potentially purchasing in all 2-3 locations simultaneously, depending on options. But I would like some feedback on these options available to me and what any of you would do in my shoes? I'm familiar with all the basic need-to-knows about these locations and their respective strategy implementation, but I'd appreciate any higher level feedback.

[Sarah Kensinger]

If your considering Miami, Fl for a STR, that's a tough place to have one due to restrictions. @Carson McGee Is the person to chat with about STR in Hawaii! From what he shared with me; I'd be parking a good bit of that money into a property there.