When it comes to AirBnB I have found its location, number of beds then amenities like kitchens and outdoor spaces that attract quality guests and demand higher prices. 

If the numbers don't seem to make sense, consider a cheaper (but still growing market) or just keep saving until you can do out-of-state investing. 

We created an LLC because it seemed like the right thing to do and we’re looking to grow our rental portfolio now.

To me STR and hotel caters to different groups of travelers and so despite competition as long as the travel demand of Hawaii remains (as you pointed out is a robust assumption) I think both will continue to do well.  

Union City is great and growing but they have stricter rent control.

Their business still needs to grow up. 

Neighborhoods like Logan Square or Albany Park have seen growth in rental demand, making them potentially good starting points.

Networking with other investors and learning from your early experiences will help you grow confidently.Good luck!

I’m a licensed agent in Indiana and Georgia but open to advice and insights from anyone, anywhere.Looking forward to learning, connecting, and growing with this community.

I have amassed a decent network of vendors, so definitely looking at fixer uppers.Eventually, I hope to grow my portfolio to acquire commercial loans for multifamily deals, I haven't started purchasing investment properties, only have my private residence.