STVR - Waikiki or Maui?
We're just back from a few days scouting in Waikiki and are about to give up. A $500k 1 bedroom condo would generate approx. $40k/year, and after tax, PM, HOAs and loan, cashflow is negative. I know some of you are having much better luck in Maui. Is it because you purchased several years back? Would you do it in today's market? In Waikiki? In Maui? Am I missing something?