Within walking distance of bus stops, liquor stores, clinics, nail shops, fast foods, convenience stores, grocery stores, etc...

You'll then have the materials cost mostly nailed down.  

@Dave Homyak Nailed it! 

James hit the nail on the head with some great advice, making a good point about rural areas.

Congrats on the latest pick-up, I like that your nailing it!!! 

@Jeffrey Evans  As posted, lots of banks: Discover, Cap One, that charge no fees at all, and no fees for withdrawals from any ATM.Keep in mind too, it doesn't have to be a "business checking account" which may be more expensive. 

Its so hard that you have to pre-drill nail holes or the nails will not go through.

You have to nail down CapEx on these properties or it will not work. 

First is the city, which has a cap on STRs in place (and I'm 99% sure they're at max capacity) and the second is the county which as of right now, hasn't established a cap (although they keep threatening to put one in) so you want to make sure you know which one the property lands in. 

Lots of information and hand holding on the front end, then it's a nail biter.