Airbnb in an empty market
I have an offer in on a property that is currently a motel. The plan is to convert it into apartments, studio and 1 bed. In looking at Airbnb and VRBO there are clusters 20 miles north and south, but nothing local. It's a town of about 9,000. I'm trying to figure out if it's worth doing Airbnb with a unit or two. I believe it would be more of a hotel alternative than a destination vacation business model. County ordinances do limit me to a 2 night minimum though. Has anyone has success with this type of situation?
