Check their nightly rate, occupancy and amenities.That will give you a pretty good idea of need and profitability.

In fact, the most profitable deals I've ever done were in these markets.

. :)  these are not credit score loans ( I mean I have a credit score) but thats just a formality its all about capital and relationships with your bankers and deposit relationships thats key as well.Yes your relationships with sub contractors will be a huge factor in profitability, both direct and indirect. 

Despite paying fees, doing a deal and making some profit is better than sitting on the sidelines. 

Reinvest profits, stay patient, and keep building toward replacing your income.

The return would be $50K profit per deal in 5 months.

BiggerPockets has some pro tools that let you see rent to price ratios and other cool stats, I use this to check out various markets and which seem to have better/worse profitability.

Or any amount of cash you take out from the exchange are considered to be profit. 

For example if you think the house is worth 200K fixed up you need to pay 100K to afford the hard money loan and rehab budget and still have a profit.

It’s not just about the profit margin or the cap rate; it’s also about building trust in the community.