For many potential investors, the idea of purchasing a Maui condo to be used as a vacation rental serves as the perfect melee of business and pleasure. However, in the past few years, financing has been a big obstacle due to (arguably unnecessary) VERY stringent lending qualifying criteria. Potential buyers must keep in mind that properties that allow vacation rentals fall into the category of unwarrantable or condotel - and most lenders see these types of properties as unreasonably high risks and then either do NOT finance these properties (most mainland lenders will fall in this category) or require higher-than-typical down payments. There are only a few properties such as Honua Kai where some lenders have accepted as low as 25% down, but the norm
…