Great strategy, it has truly been a game-changer for me! 

Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.

After paying mortgage, taxes, insurance, and accounting for vacancy, maintenance, etc. it will be a break-even situation.

We are still working on deciding the best exit strategy at this time but are leaning towards STR or Group Home for increased returns.

"Oahu", "Hawaii", "investment strategy", etc.

Is it cash flow, is it appreciation, is it another strategy like a househack, etc.? 

Take a listen to BP Podcast #83 where I share some of our landlording strategies and tips.

Please try to direct me to specific areas with specific strategies that you know work. 

You’re welcome, AllendeAs far as the HELOC goes, if I am understanding correctly, there a possibility for you to use a HELOC on your primary residence, to put a larger down payment on the investment home and avoid mortgage insurance and have positive cash flow from the property?

In any event some lenders will count up to 75% of gross rents as income while recording mortgage, taxes, insurance, HOA fees as "front-end" debt payments.