It depends on what that specific type is, how big the land is, and what the minimum size of land is required in that area.

@Charles PerkinsFor commerical real estate investment and to perhaps a lesser degree SFR investment, there are four primary required skill sets in my opinion:1.

Gotta find Hilltop priced properties in more desirable, appreciating neighborhoods!

I managed the properties myself, and was offered a job out of state that required long-term international travel. 

Non-Warrantable Condos: Non-warrantable condos don't meet the stringent requirements set by GSE Agencies.

They tend to have higher DSCR ratio requirements than individualizing the properties.  

It looks like I am required to file an amendment after filing first. 

As others have mentioned (besides the essentials like rates, mortgage, and maintenance), it's important to consider utilities, insurance, property management fees, taxes, furnishing, marketing, and legal requirements.

I'm going to echo the idea that the bells and whistles aren't required if you just have 1 property.

As long as there is a good thesis as to why the demand will remain high for shorter stay rentals  and most importantly (1) the use is allowed, (2) the use requirements are protected by in place permitting and licensing and (3) the permissions are transferable through a sale you will be on the right side of the supply/ demand equation.