Condo in Hawaii investment

[Suduk N.]

Has anyone here bought condos in Honolulu, Waikiki, Ala Moana areas to use for vacation and rent out for the rest of the year? How is HI condo investment over time? I'm thinking to buy one for parents to live 3-4 months a year and rent out when they are not there to cover HOA and other maintenance.

I’d love to hear your numbers for yearly cost and appreciation value. Thanks

[Henry T.]

Quote from @Nathan Gesner:

If it were me, I would find another country to invest in. There are places far more affordable and Landlord-friendly with similar climate and a healthy tourist market. 

I agree with Nathan. Also, They have high HOA costs, General Excise Tax 4.5%. Must have a local agent to represent you. Very tenant friendly. Grid lock traffic.
With climate warming, Waikiki should be under water in about 20 years. Its only 3' above sea level. Nice beaches if you can find one thats not crowded. $9 1/2 gallon of milk. $10 loaf of bread. Miserable plane ride. Zero parking. Don't leave valuables in your car. The very high crime stats
are hidden and not recorded. Homeless everywhere. No work. A real sh## hole, but people still flock there. No thanks.