Low interest rates contributed to this mindset, making it easier to cashflow.

Or in other words, the rent received from house hacking would cover our housing costs (mortgage, property tax, insurance, repairs, utilities).Upon research however Oahu seem to be a high cost and low cap rate area similar to SF where we currently live.

@Jason O.I've rented to over 700 students (under and grad) and I understand the market well.To do it successfully: time it with the academic calendarSept to May: flat price including utilities and furniture for max revenue, can include a cleaning service to keep an eye on the rental.May to Aug: depends on your city density and the amount of summer classes, increase the price to accommodate the demand or decrease it accordingly.

However, subsequent increases in interest rates caused a substantial reshuffling, reestablishing New York and Los Angeles as the dominant players.

There will be punishing late fees and probably a default interest rate.

Since we cannot buy local (cap rate in CA is pretty low), we are exploring different markets. 

Greetings,Here is an update on the current National Commercial Retail Real Estate Market in The United States of America as of March 10, 2024:In 2023, retail transaction volume dropped to $53 billion, marking a roughly 25% decrease from the average over the past decade.

I have seen some great deal in and around Dayton as well.This year will be a good year as rates start to come back down we took a little hit last week but should start to drop by 2nd quarter.  

Can't imagine what the current rate is for that but it's a great way to pull out probably a lot of equity.

The going rate in the Austin metro is 1 month's rent as a fee.