Search Engine Optimization (SEO) is the key, and that will take a tremendous investment that likely will cost more than the reservations that you get.For an individual, self-managed property, you are pretty much wasting your time; the major channels are paying Google tens of $ millions per year to dominate the rankings. 

The long-term rental price can cover loan and related cost when we purchased it 8 years ago. 

Scholastica Dr deal using its own capital, covering the $195,000 purchase price and $52,000 in renovation costs.

I'm curious to know what is the cost to build one?

Won't you first sit down and estimate the cost to see if you have enough money to complete it?

Also avoid certain types of rentals-the C and D class are more likely to have higher turnover costs as they attract a lower quality tenant.

Right now my cost assumptions look something like this: 25,000 ft to yield 250 units Acreage needed for 250 units = about 1 acre (Depends on local municipality requirements for detention, setbacks etc but for now this is my assumption)25,000*$50 = total buildout cost less land revenue $ *.35 = opex cost thanks! 

Everything seems like it all needs to be figured out at once, but no one will provide hard costs until we’re further along. 

If his coaching service costs $15,000 and you don't even have $10,000 saved up, how will you pay him and still have money available to invest?

No, material costs sit nearly identical.