Quote from @Miguel Garcia: If I look into investing out of state should I look to get pre approved by a lender in that area or would a lender in my area be fine?

Investing in Hawaii sounds like an amazing plan!

@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Quote from @Will Cruz: Does anyone know of a Bank that is willing to do a HELOC on an investment property?

And would it be worthwhile investing to rent? 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I'm an investor in short term rentals as well as flips.

I would try to find an agent with investor experience and, ideally, a focus on investment properties. 

@Jon Martin  I agree and in short term its just not worth what you will get in reviews for something like this. 

Investment Info:Single-family residence buy & hold investment.