With that strategy, I'm not a real estate agent BUT I am also reading a book called "BUY, REHAB,RENT, REFINANCE, REPEAT.

Btw, I learned about this from a book about the career of Harold Helmsley (pre Leona!)

Providing strong supporting data from your Airbnb bookings, market comps, and STR reports will strengthen your case and help you close faster! 

You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.  

With its lower price points and strong rental demand, it’s becoming a favorite among BRRRR investors.

My biggest concern is just making sure I'm by the book and mostly making sure my property doesn't get destroyed, I have heard a lot of horror stories.

It is surprisingly easy to manage out of state and if you want more tips on how, check out Bigger Pockets book "30 Day Stay" on Mid Term Rentals. 

What my question is is what do motel owners do when people book more than 30 days.

Sejin - Have you read your fair share of books as well as listen to podcasts?

With some humility, I’d like to say it’s keeping the finances separated/organized and liability protections, or everyone’s favorite question… do I need an LLC?