Building a vacation STR from scratch

[Steve Ehrman]

We have been looking at vacation property in the northern part of Michigan's lower peninsula. There are some beautiful lakes and woods near Hillman.

We are thinking about VRBO/Airbnb rentals. It is a 5 acre plot on a great swimming, boating, and fishing lake. It is a drive to get there - no interstates or highways close by.

Airbnb's in the area are renting right now, end of season, for $275 - $350 per night. What factors should I consider in putting together a plan to build from scratch? Thanks.