Some towns require a nightly online form to be filled out for any non-residents who are parking their cars (this is easily automated from an operational standpoint).As the MTR market becomes saturated over time, those who have separated themselves from the rest of the "competition" will continue to perform well by having an outstanding listing and all the MTR-specific amenities.

The fact that a possible and anticipated negative event occurred for which the investor was not prepared due to their lack of due diligence by not even reading the disclosures offered does not equate with a “rip off”.  

“Lyons, I love seeing someone with your drive and vision diving into multifamily real estate in LA—you’re in one of the most competitive and opportunity-rich markets out there.

Maybe team up with someone who has capital but lacks your expertise?

Do a small sampling of listings that are your direct competition.

Here’s the situation (personal details removed):The tenant reached out explaining that they’re going through financial difficulties due to an ongoing divorce and lack of child support.

To me STR and hotel caters to different groups of travelers and so despite competition as long as the travel demand of Hawaii remains (as you pointed out is a robust assumption) I think both will continue to do well.  

Texas boasts affordability and business-friendly policies, but lacks some cultural amenities.It depends on your priorities!

You purchased in 2020 so you're experienced in high-demand, competitive markets.

Brand new investor - I wouldn't because of so many unknowns and lack of experience2.