@Sehyun Lim Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Originally posted by @Paul B.

forget to mention , there's recent development to build new class B+/C hotel like BestWestern in the area of around Waikoloa, so it's starting.This island is missing the middle lower-class brand-name hotel due to very limited hotel approval but it's there in extremely very limited approval.I think most local would reject most development, hence Kauai and big island is still more natural compare to lets say oahu/honolulu....

I was wondering if I could list it myself through rent redi as a short term rental or should join something like Air b and B or VRBO?

@Jon B.

@Michael Plaks has a great post on this topic.2 - Assess the value of those tax deductions to you: The value of a deduction depends on (a) whether you're actually able to use it to reduce taxable income and (b) your marginal tax rate.As an STR, assuming the average rental period is 7 days or less, key items to consider are: (a) material participation and (b) avoidance of "excessive" personal use.

Or even better, pre pay with your visa card for 20 minutes worth.

Typically you want the B + R cost to be 75% or less of ARV.

I'm looking for multifamily properties with value add potential (maybe replacing the cabinets, painting the outside, adding some plants, or adding new appliances - not a full gut job.) in B or C areas.

I have been working in the B- D areas for years, terrible schools.