You and your team - including your loan sponsor - would be in the operator class.But make no mistake, you will need capital to accomplish this.

If you are considering buying ANY property in Waikiki and turn it into a vacation rental, I am afraid that would be a big mistake and a very costly one.There are buildings in Waikiki which falls under resort zone, and those buildings will allow you to operate short term rentals lawfully.

Do even the best people regualrly make small mistakes?

While we can all agree that tenants like @Kari Watts are trouble and we would never want to rent to these type of self-entitled nutters you made some basic legal mistakes in how you approached this.

-when I first started I made the mistake of having a 10 day grace period for rent payment.

I have a very good memory and that mistake will follow them as long as they live in this city.

I think it would really help others not make the mistakes you are referring to and in turn help the industry in whole.

This $5,000 is a huge mistake.

Lynn M. we are still learning from all those mistakes we made over the years.

I am glad I asked the experienced colleagues and did not make a mistake of building animosity or getting rid of a tenant that pays on time.