I've repeatedly sent inquiries demanding transparency and I receive the same response each time from you & Rayza. 

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.  

Very high demand for real estate throughout the city.

It’s known for its affordable property prices and steady rental demand, which makes it an attractive option for reliable cash flow.

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

If you're starting with this model, it can be highly beneficial as it allows you to gain first-hand experience with the daily operations, actions that must be taken, requirements, market demands, and more.

If your market is leaning more towards shorter stays...which does seem to be the current demand nationwide...I would not cut your properties out of that demand!

Plus our population is growing steadily which helps maintain property values and rental demand.

If there was a landlord I could see them demanding a 3rd new one because it’s a state requirement.

I read an artcile in The Economist not too long ago that mentioned how smaller towns like Jasper can offer stable rental demand if you play your cards right...