Looking for more info on building STRs and good STR markets

[Isaac Bartels]

A goal of mine is to get into buying scenic/secluded pieces of land and building tiny homes on this land to list on Airbnb, VRBO, etc. I'd love to do primary design for these tiny homes or cabins myself (I've got some background in CAD work and am a civil engineer). I'm curious what the process would be with this as my goal. Could I bring my designs directly to a contractor, or would I need to have my designs checked with an engineering firm or architect before construction begins? If anyone has experience in this, please enlighten me!

Also, do you think that this business plan is sound? Or is it pretty risky and requiring of a perfect market? what cities and/or markets do you think this vacation rental business plan would work best? I will be graduating college soon and am open to moving anywhere.

Thanks in advance for all your input and advice!

[William Beck]

If you're getting a loan to finance any portion of the project, figure out how you're going to pitch this to the bank. Also figure out the entitlement and regulatory environment where you're looking. I know some places seem very secluded, but still fall within county restrictions even if they're in the sticks. Don't forget to analyze competition. IF nobody is doing an STR remotely nearby, that may be a huge risk factor since the general traffic to that area is limited. Other than that, keep ideating and being creative and good luck.