As for STRs in Hawaii, it’s my understanding that the laws here are making it more challenging.

Only challenge (as you and others have touched on) is scalability.

For instance, things like death, divorce, job loss, natural disasters, heath issues, etc may cause you to change your plans unexpectedly and may change what you do with your home as a result.

My response is not political in nature...I'm very interested in what DOGE can accomplish. 

New built for starting out could be a bit challenging.

You’ll often see sales with 100-200% swings within the same area, which makes having deep local knowledge and understanding the nuances absolutely critical.I do this for a living, and even with experience, comping in Detroit can still be challenging.

The challenge is, I’m not familiar with the local market—or the Mississippi market in general.Does anyone have insight into the market in this area or know of investors interested in properties in western Mississippi?

That said, there's quite a few homes in that area that have that challenge (no driveway/street parking).

Challenges?

The exact steps depend on the nature of the defaulted debts and on your local laws.State income tax planning.