short-term rental advice hawaii

[Martina Su]

Hi there,

I plan to purchase a short-term rental in Hawaii. Per my research, Kauai seems to be a good place to invest compared to the other island, would love to get your feedback. I am looking for a place with high occupancy rates that can yield a good return on cash invested, ideally around 25% or up. If you have experience with Kauai, i would love to get your feedback on specific zipcode/neighborhood to invest as well. Per the research i did, the only area that will allow short-term rental is kapaa, princeville and poipu?

Another insights i am looking for is also the most optimized property size, is it 2 bed/1-2 bath or should i go bigger with 3 beds/2-3 bath? I would like to stay away from condo given the HOA fee that will continue to climb

Thanks