But, regardless of the location, Hawaii always has been and always will be a popular, year-round tourist destination.

While I haven't done new construction as an investor, I've been involved with them on the design and construction side. $15-$20,000 seems like a very small profit on a $500,000 house.

Do I get with any architects or designer on the best way of fixing up the home?

Contrary to popular belief, this is not set because I believe it will give me a higher return.

I see Xplorie is popular but they require a minimum of 10 properties for a partnership.

Eco-friendly, off the grid properties are getting to be very popular experiences out west!

Built to rent communities are also becoming more popular.

Some popular areas to look into are those with strong rental demand, relatively low property costs, and the potential for future appreciation.

The triplex is much more popular with traveling work crews for specialists in the trades and insurance relocations, so if we were to do it again, I would probably worry less about making each room it's own rentable space and save a little bit of those costs. 

Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.