Management will likely be 15-25% of gross revenue depending on the service. 

I have attached some pictures for reference but they are pretty gross so be warned. 

Gross revenue at those costs is 60-70k/year gross.

At that point $60k gross with the restriction.

While I agree that the tenant who shot a hole in your floor should be responsible for the damages, if I was the tenant below, I would want to leave, not attend a party with the person who literally could have killed me due to their incredible gross negligence.Pending legal restrictions, this would be the end of my wanting the business of the upstairs tenant.

Remember In Hawaii, STRs come with extra taxes: a 10.25% Transient Accommodations Tax (TAT), a 4% General Excise Tax (GET), plus a 0.5% Oahu Surcharge Tax on gross income from rents.

Look into insurance policies designed to cover tenant intentional damage or gross negligence, as well as unpaid rent.

Source: Google search.Low operating cost - It's not about how much you gross, it's about how much you net.

They're doing well enough to give up 20%-30% of gross and all of the cleaning fees? 

I've noticed in some markets, there's an additional tax you have to pay on gross monthly income.