Tiny Manufactured Home as Short term rental

[Roger Fisher]

I’ve been interested in RE for some time now but haven’t had the guts to make an entry just yet. But I do have ideas that seem profitable, that I’d thought I’d post here for any insight on whether or not it would be a good idea.

I want to purchase a residential lot of land in a vacation location in California, and place a “tiny” manufactured home (<500 sqft), and use it as a short term rental property ( Airbnb). I’m finding lots in this location between 50-75k and the price of a new tiny MH being 65k, the price of installation would be 40k. Bringing the total cost to somewhere around 180-200k. Giving me a <$1000 mortgage payment. And in this area Airbnb’s range from 150-350/night depending on season. I would only need to fill the vacancy 20% of the month to make the mortgage payment. Again these are just rough numbers and I may be overlooking massive details that I’m just unaware of which is why I’m here. Is this a possible way for me to make my entry into real estate? Any advice, tips, and criticism is welcome. Thank you.