Buying then renting a SFH vs Condo

[Scott Johnson]

Hello,

I recently moved to Oahu, Hawaii and looking to get my portfolio started in real estate. I know, Hawaii is an interesting market to get started. I'm here for a few years due to work and am debating buying a SFH or a condo for renting out the other room/rooms. Basically, house hacking. I'm unsure of what would be the better strategy. Homes here in Hawaii are extremely expensive, and I can only afford a downpayment of 20-30k. I'd rent out the second bedroom and then am looking to sell the property once I move out of the state in a couple years.

The goal is to build capital through cash flow so I can buy additional properties in my future state versus renting an apartment and spending all that money on rent every month for my years of living here. I've read that condos can be a headache with the HOA and difficult to sell, but the houses here are just so expensive. 250k seems to be the average which would be a 50k downpayment (20%).

Any advice would be greatly appreciative on what direction I should go in order to obtain the most capital advantage for my time being here. Thank you!