Kaanapali Maui, Hawaii VRBO pros & cons

[Blake Capson]

Iv'e been in real estate for 15 years in Utah and have seen the ups and downs over that time. I have a group of investors looking to buy a 3 bed, 3 bath condo, ocean view in Kaanapali but I am concerned at the ability to properly do a VRBO style rental business long distance. Also seeing what the local SLC market is doing right now I am concerned how hot the Maui, Hawaii market is right now knowing they can rise and fall a bit more dramatically and if this is closer to the peak of their pricing.

In addition to this as a general questions what are some things to look out for when buying into a condo HOA in Maui that may be different than in other parts of the country?