My wife and I purchased our first rental property here in Maui in June of 2023 to use as an STR as it was a consistent market, numbers worked, and we live 5 minutes away from the property so self-managing made sense! 

Another thing to note, certain renovation costs can be eligible for Qualified Improvement Property (QIP).

We live in the front half and airbnb the private entrance 1 bedroom, 1 bath, living room (hotel suite style) back half that is separated by a door that we deadbolt.

I'm a first-time investor looking at purchasing my first property for a house hack!

Will it be enough to make up for the lack of income growth, buyer sentiment, unknown economic plan for after the election and the high valuations of properties?

However Property tax's some of the lowest in the coutnry and property maintenance same thing if you buy a stucco home with a tile roof.No real major weather threats like many markets  IE hail storms wind storms etc.. can get windy but thats common.. 

I will be looking at a property this week from a private seller.

Cap Rate: Provides an investor’s perspective on the property's profitability.

Consider hiring a property manager next time if not just because they have the tools and processes to reduce the risk of this and move quickly to execute on a problem.

I still (strongly) believe that supply will pick up in the spring once STR owners are disappointed with 2021 holiday figures, deteriorating property values on the mountain.