There are unique requirements for different concepts from mechanical systems, to handle the kitchen equipment, hoods, water heaters etc.

Each neighborhood has its own unique features, pros and cons and whether something is a "pro" or "con" is more subjective than objective depending on each investor.

They have appreciated well,  we might be in a unique situation being in an excellent school system in a high income area---condos are how people get into the school system.  

I would love to be challenged with tasks to complete.

Then, you've got to get the city on board because these are going to be unique properties.

Is v.c good for doing all the task that won’t bring you capital

IE you won't get what you don';t ask for, and they won't perform to your expectations if you don't state what you want then screen for an applicant meeting everything you're looking for;  income, job duration, CLEAN and QUIET, long rental stay,,, FICO maybe...Just get folks TO the showing with good pictures, a good rehab to start with, and a clean house and yard. 

HappinessSeven Ways to Get Startup CapitalDealing with FailureDealing with Age/Height/Being in Prison/Ill HealthFive Suggestions for Finding a Supportive SpouseDealing with Procrastination/ Windfalls/Falling in Love/It's-free OffersWhat Not to Talk about When You First Meet a Potential SpouseWhat to Disclose on the Third DateChecklist of Personal Habits for Success • How to Dress • How to Talk on the Phone • How to Make Eye Contact • How to Shake HandsLearning Skills in NegotiatingInsurance–What to Buy and What Not to BuyThe Hard Task of Making Decisions That Close off Alternatives in Your LifeLeading a Balanced Life and Still Retiring in 24 YearsNine Barriers to Financial SuccessHow Wealth in a Society Is CreatedOvercoming the Psychological Barriers to Sunk Costs–Deciding Not to Continue Being a Dentist.This book is written for 10th grade through adult. 

No easy task with a young family.Three things to consider; how long will you be in Hawaii, will you rent the property or sell it when you leave, will the refinance be a cash out refi?

Yes, these areas are unique markets where initial cash flow can be difficult at first (unless you put a larger down payment).... but the long term appreciation in equity and rent wins the game compared to other areas where most invest looking for initial cashflows.