Great idea, but check your local regulations.

He also doesn't control regulations in the states/cities, but his attempts to cut regulations may trickle down and impact personal property rights and people's ability to use their properties as they see fit.

3️⃣ Local Regulations: Before you invest in a short-term rental, it's essential to understand the local rules and licensing requirements.

I believe Hawaii will continue regulating STR and it will be harder to make the numbers work. 

From what I read in The Economist, listings with updated, compelling photos tend to outperform others significantly.

Another huge thing to consider is laws and regulations, many times new investors will jump at Hudson county thinking the proximity to NYC is great for renting (which it is) but many of the municipalities in Hudson county have very strict landlord laws. 

To get started - I’d recommend connecting with local STR investors and researching Hawaii’s regulations.

And the laws and regulations here are very different, not very strict like the states.Prices are high and rents are low over here.

Or like California a RE Broker like myself or Consumer finance license all which are regulated by the state .

True although the fires this year just adds to the reasons to leave California (excessive taxation and regulation, overbearing political correctness, downtowns littered with feces, etc.).