Buying land / building a tiny home / short term rental?

[Eliannah Linehan]

I am new to Bigger Pockets and trying to figure out my entry point into real estate investing.

One idea that is really appealing to me is:

   Buying land around North Conway, NH / Fryeburg, ME ~65K 

   + building a tiny-ish home which according to denoutdoors can cost around ~50K (2b/1b)

    + install water/electric/sewage ~ 28K 

  Total ~ 143K

Then renting it out for $150/night x 65% occupancy = 35,500/yr

I estimate I would pay about $4k taxes, $3k utilities, $4k property mgmt, $1k lawn, $500 snow =  11,500/yr

So, 35,500 rent -11,500 built in expenses = 22,000/yr 

I think the Cash on Cash Return Year 1 would be.... Income / Cost = 35,500 / 154,500 = 23%.. seems like a good number

Or 6.5 years to start seeing profit. Or, use mortgage/home equity loan to see cash flow sooner.

Does this seem crazy? Any advice for a newbie considering this option?