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Updated over 5 years ago, 05/14/2019
Own a tiny house as a short term rental? Looking for advice
Hi bigger pockets, Im a new investor. Just closed on my first property in a college area and hoping to have it rented out soon. Very excited to start this journey, now I want to explore another idea that Ive always had. Im looking for general advice, and unexpected costs you guys who invest in tiny homes have experienced.
I have one acre of land with no utilities in a college town that is popular to visit. I've always been infatuated with tiny homes and I think it would be a great low cost way to have this vacant land bring in some income. The area is great and near downtown and near a university so I think the potential for airbnb/short term rental is great for sporting events, downtown visits, alumni/parents visiting etc.
Any fallbacks to having a tiny homes as an airbnb that I may not be seeing? So far the costs I have in mind is price of the home, drawing utilities, gravel for the driveway, etc. As well as checking local ordinances.
Please share and advice or warnings through your experiences