If this is for investment purposes, the costs can vary on hooking/trenching utilities to your new location.

This is important to me, because, due to the layout of my property (it is a HUGE open concept), I get a lot of people wanting to book an event space or have a party and they are located in the same city. 

I know plenty of people who invest in exotic locations but they've never invested there and won't.

longboat key limits most rentals on the island to 30 day minimum (that does not mean you can't rent it to them for the whole month but they only stay one week) our complex also limits how many times a year you can rent it out. 

I talk to developers all over the us and most of what you have would pass my initial screening to move forward. then it would go to sponsor experience, liquidity, construction experience, site location and site reports, entitlements, construction partners, etc to clear all the conditions. make sure you have a plan to purchase all the fixtures we passed on that. not sure about hotel financing of beds, desks, etc 

While some feel they have become too commercialized, others still find them useful for learning.The property listings and tools like calculators and rent estimators that can aid in analyzing potential deals.The local meetup groups that allow investors to network and connect in their area.Overall, BiggerPockets is seen as a good free resource for beginner real estate investors to learn the basics, though the quality and trustworthiness of the content is debated, especially after the company was sold.

If that is the case then yes, he can still choose to rent to someone else.

@Daniel ColonWhat are you concerned about being sued renting a new construction home?

We're planning to move there eventually and rent out our primary in Georgia.

After that, I turned it into a rental and had it rented for 3 years before selling it.