Now that we have the idea that there is not a workable business model for Airbnb near you out of the way, why would you look out of state? There could be plenty
of reasons.
From a purely financial perspective, you will want to choose a market with strong rental demand, low demand for property, and good prospects for property price and rental
demand growth.
There is a rule of thumb that a good Airbnb should make 3x the long-term rental rate. You can find an estimate for the monthly rent on Zillow or Rentometer.
A lot can go into the decision of buying a home to use as a short-term rental property. This is a significant investment and should not be rushed into.