With its lower price points and strong rental demand, it’s becoming a favorite among BRRRR investors.

Rent growth is a function of supply, demand, and interest rates:- I'd ground any forecast by stating I expect national rents to rise on a pace more or less in line with inflation over any long time period. 2-3% per year.

In cities desperate for revival (Rochester and Binghamton are high on that list), this is the wrong move. 

Neighborhoods like Logan Square or Albany Park have seen growth in rental demand, making them potentially good starting points.

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.  

Hi Sean, Within my 20 years of experience, owning 30 properties and managing over 300, I’ve seen busy professionals like you scale successfully while working demanding W-2 jobs.

@Huggy Ford, I would be interested in running an analysis of need to know what's in the highest demand for that location.

People will move to escape taxes and insurance, and others (me included) only want single-family homes and shudder at the thought of condos and apartments (which, ironically, I have).So will demand be as high?

Would you demand they pay for the fix?  

These are what we call "A-class" markets—areas with strong fundamentals, high demand, and typically excellent long-term appreciation.