Short Term rental in Hawaii?

[Eric Wong]

I am looking to buy a condo in Kiahuna Plantation in Poipu Beach, on Kauai island (Hawaii) that I intend to use as a short-term rental investment. My plan is to use Evolve as my property manager (which charges a 10% management fee and manages all necessary transactions from afar), and list the condo on multiple short-term / vacation rental sites (Air BnB, VRBO, homeaway, etc.). Total expenses with HOA fees, mortgage, lease hold, insurance, property tax, utilities, cable/internet, and management is about $3,100/mo. I'm hoping to bring in about $4,600/mo through the rental income. Can anyone give me any advice on that area, and if this seems like a wise investment? Anyone familiar with this market who can tell me if my numbers look about right? Any help would be greatly appreciated!

[Kyle Brodwater]

If you go through with that, I recommend you get on the board of the condo association and try to lower that insane HOA fee.