Knowing what type of value it will trade for when stabilized, to make sure you have appreciation for your efforts.  

With that said, production ready tools are typically 10-20 years behind what has been demonstrated at research institutes.

How productive was that?

Investors in your position can perform a fast rehab and in as little as 90 days refinance out of the interest only fix and flip loan and into a DSCR loan, 30 yr fixed product in the 7-8% range - cash out is available up to 75% of the appraised value at the 90 day mark.  

I expect I way over estimated the number of STRs and Hotel rooms and occupancy is closer to 75% to 90% for 2024 depending on the economy, but mostly on the product/service/location being offered by each owner/property and the manager (including self) ability to actually be a manager. 

Surface- Rock or hard surface (concrete/asphalt);If on rock/asphalt put your tongue leg or stabilizer pads on widerpads to spread the weight out.

Advise that the property has never been tagged by law or code enforcement as a drug production property and that their concerns are unfounded. 

But bottom line as others have mention stabilize the property get a qualified tenant paying market rent or a small percent bellow.

You're going to need 20% down plus closing costs for just about any loan product out there, DSCR included.

There are not many LOC products available for investment properties.