The reply to this question depends on your specific needs; but, regardless of your location, there are a few factors to think about when deciding to invest in property. They include the following: the amount of property taxes, any restrictions on deposits and/or pet rent, the scope of tenants' rights, required disclosures, and how hard an eviction may be in the event that the tenancy doesn't work out. This being said, Hawaii is the home of tourist attractions like Diamond Head, Hanauma Bay, and Pearl Harbor and schools like the University of Hawaii and Brigham Young University, so you won't have any shortage of short- or long-term tenants if your rental property is nearby.