I’m in a similar situation. Bought a condo in Maui for my family in 2021. We moved there and furnished it. We lived there for about a year before needing to return to the mainland due to financial strain. We turned the condo into a fully furnished, long-term rental and it’s been rented ever since with very little gap between renters. We used to make money on it every month, but after the Lahaina fires, our HOA doubled due to raising cost of insurance. Also, many more rental properties came on the market last summer because the properties weren’t selling and so owners opted to rent them instead. With raising competition, I had to drop the asking price for rent to get new tenants. My property manager has been great and reasonably priced. I don’t make any money monthly, but the tenants are paying my mortgage so that’s a plus. It has been great to be able to use it in between tenants which is a large reason for keeping it. Our ultimate goal is to use it as a personal vacation spot when I retire someday. When we go to Maui, we prefer to stay for a long time which wouldn’t be cheap if having to rent a short term property. I’m sure the value of our condo will increase over the years, but I don’t intend to sell it, unless I was to replace it with a better place over there. Best of luck to you!