I'm of course bias, but I chose Reno because of it's proximity to CA, no state income tax, stable job growth, population growth, land constraints (constricted supply), proximity to Lake Tahoe, etc. 

We also supply dehumidifiers in our rentals with basements.

This price hike suggests a competitive market, with supply increasing relative to demand by a notable 21.4 percent, resulting in a 1.7 months' supply of homes for sale.This recent development in the Charlotte real estate scene is likely influenced by a combination of factors, including a dip in mortgage rates in December and a nationwide increase in housing supply.

This despite article upon article of impending supply doom!

Landfills make me think: odor, smoke, noise, bugs, and water supply contamination.Construction on top of landfill: additional costs, abnormal settling, off gassing, heavy metals, and surface leaching if a capping fails.

Urbanization trends, population growth, and the desire for homeownership contribute to a demand that far outstrips supply in many areas.Government Policies as Market StabilizersGovernment interventions have played a pivotal role in stabilizing the housing market.

At the end of the day supply vs demand is the more important factor to consider.

Pretty hands off other than supplying the financing and making sure the land is a good buy? 

Add up expenses from Day 1 of the build and see how long it would take to recoup that dollar amount with your projected NET profit - meaning after all expenses.... ie you charge $150 a night but after cleaning/supplies/ fees, you make a net $80.

You have a different level of support, have to pay for all of your supplies/marketing, and generally have to figure it out yourself.