Building a short term rental in my back yard??

[Ryan Newsome]

Newbie here.

I'm curious of a possible situation where I build a small 2 bedroom guest house in my back yard for a short term rental. I live on 5 acres and have plenty of space to build this rental. Would it be a good first investment property? No HOA regulations and I already own the property. So I'm thinking a home equity loan to build a very nice small rental? Any advice or suggestions for this possibility?

Thank you in advance,

Ryan