membership is something like APPL which is just non regulated group of private investors working on best practices but there is no authority behind them like  state license or NMLS registration has ..

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

You can find some absolute MTR gems near smaller hospitals that aren't so obvious but ultimately, housing supply in the area is something I'd say is more important coupled with your amenities.

Just be sure to check local regulations because some spots are cracking down on STRs.

I saw an example recently in Bloomberg about how local regulations can really shape a landlord’s experience, from what I’ve heard.

Can regulations change?

To maximize returns, ensure compliance with local regulations, prioritize owning the land, and offer student-friendly amenities.

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

BUT know your jurisdiction's regulation on screening.

Depending on the number of jobs and number of new development going on in the area it may just be simple supply and demand.