Go buy the worst house in a great A neighborhood that you can ADU or fix up.  

That is what makes finding good tenants (pay rent on time, take care of the property and let you know when things need to be fixed) so important.

.), then you can get them below market, fix them up, and make the numbers work.

If the entire home is rented out then there can be some incentives to fix things like some big repairs such as roof, windows etc.

Thought it was a safe first investment, instead of flipping or fixing with no prior experience.

These are big things that if managed like this can allow a manager to either fix the problem or evict the abuser.

It sounds like inventory is pretty fixed in the Maui short term rental market, but I'm not sure if that's a safe working assumption for the long term.

If you love your job, make good money from your job, have very little time, and have cash want to park into a secure real estate asset, turnkey is the way to go.If you are opposite of that and want to dive into real estate investing operations, then fixed upper and BRRR.

The Book on Estimating Rehab Costs | Fix-and-Flip Investing Book – BiggerPockets Bookstore

Fix it up as quick as possible and then either refi or sell.