Even if you are out of state resident that GET tax is charged on Hawaii clients which is messed up.STRs are definitely in vogue, but they're not without risks.

That is a requirement in Washington and likely in your state also. btw  - as a best practice, I suggest you avoid comparing applicants to each other.

If the numbers aren't working on local properties, try exploring out of state investing.

North Carolina is growing and a great state to invest.

From what I’m looking into, ADU builds per the state are supposed to be affordable to build as far as utility connections go.

Did you find a generic lease for State of Florida online? 

This means that many hospitality properties need to refinance their debt at significantly higher rates in an environment where local and regional lenders have been pulling back.In this podcast with CEO Greg Friedman of Peachtree Group, a private debt and hospitality private equity firm, he states that many hotel projects got shelved during the pandemic and that is bringing on an undersupply situation for hotel properties. 

It's tough to say with certainty and it a lot of success in the MTR market hinges upon operating ability, property layout, understanding your clientele and ability to adjust to the market.This article does flag some cities that are good for MTRs: https://www.stessa.com/blog/hot-spots-medium-term-rentals/

I am a broker in Washington state.

Never invest in any city on this list: Mapped: The Most Dangerous Cities in the U.S.Rent control - Some states and metro areas have implemented various kinds of rent control.