From what I've seen, properties in Hawaii are all about location as the states economy is run on tourism.

Or if HOA is super pricey, could kill your deal. 2) Get an idea of true occupancy curve for tourism and times of year to get your estimated days rented as that will factor intro your Gross Revenue3) Make sure to do due diligence on cost of what you're getting and what it will potentially earn. 4) Management - investigate what full service or hybrid service options are available in the area.

There are other inbound marketing methods such as referrals, social posts, social ads, radio and billboard ads.

After having the idea in my head I went and looked at a few houses around my area and then at popular tourism areas within 4 hours of where I live.

Here in Greater Vancouver, I can see why properties are so high in demand: job opportunities (IT, trades, year-round tourism, etc.), colleges/universities, lifestyle (skiing, mountain biking, rock climbing), mild weather (rarely ever have to shovel snow!)

We were a top 5 inbound state and also ranked #1 in rent growth. 

Ideally, HOA's help protect your investment and many are quite affordable contrary to what so many believe, you have to look into what amenities they offer and how they are managed.Our market is driven heavily on tourism and hospitality jobs which tend to be lower paying.

Same logic that applies to multi-family re-position deals that raise rents and lower expenses while avoiding substantial physical improvements.Lenders may be a little hesitant about hospitality with Covid but others may be bullish expecting a post-lockdown tourism boom.All just food for thought. :)

If tourism doesn't come back Las Vegas will suffer for a few years and prices may come back to reality for the market/economy.

I think as the pandemic dissipates we will see a coiled spring effect on city traffic, tourism, return of expats, students and professionals.