You really need to decide ASAP if you want to rent or sell as it will impact the level of repairs.

I’ve been looking at different STR models lately (not Hawaii specifically), and one thing that keeps coming up is how big of a difference the marketing side makes compared to traditional PM.A couple things I’ve noticed from other investors’ experiences:• Direct booking + strong branding can make a huge impact in high-end STR markets• Relying fully on OTAs (Airbnb/VRBO) in luxury areas usually leaves money on the table• Having solid boots-on-the-ground is huge — not just for cleaning/turnovers, but for fast response times, quality control, and protecting the guest experience• Areas with high traveler expectations tend to reward hosts who manage the “guest journey” themselvesBreak-even cash flow being important makes sense, especially with Hawaii’s pricing and regulations.

First I am impressed with everything you were able to do for $30k to $40k rehab.I disagree venminently with the post that indicates income approach has any impact on less than 5 units.  

The equity multiples are better aligned between the 2 year and 5-7 year examples because this metric isn't as impacted by hold period and is why investors like to see both the IRR and the EM. 

Having one big piece has more impact than a lot of little ones.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

Land size definitely affects value, but the impact depends on how that extra land is actually used or perceived by buyers in your specific market.If the larger lots around your subject property mainly offer more open space but don’t add much in terms of usable area like room for another structure, pool, or subdivision potential then the price difference might be minimal.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

Hi All, I have been working on a project that I think might have some impact to how we continue with properties.However there are still features and work that needs to be worked on but wanted public advice and feedback before proceeding. 

I'll add that price point impacts turnkeys also.Labor & material prices don't change much whether one is working on a $100k rehab property or a $500k new build.So, the lower you go in price, the harder it is for the turnkey provider to generate a profit - and the more likely they are to cut corners:(