In my experience, most hotel conversions tend to attract Section 8 tenants. 

The challenge with unsafe areas is (1) potentially higher cost of maintenance such as broken windows, etc. and (2) this is by no means meant to be discriminatory but anecdotally from people I've spoken to the challenging tenants tend to be at the lower price points.

I tend to stay in my lending and financing lane lol Hi ClaytonMany thanks for the kind offer, Since this is a rental property, my living home insurance(which is way less even though my living home is value about twice the rental property) does not cover landlord insurance. 

My bank tends to have more restrictions than others, but this hopefully helps as you shop around.

I have some YouTube videos that may help with some of your questions and always happy to have a call to dive a little deeper. 1. which development(s) tends to be the best for ROI/have the best occupancy rates? 

As an investor, comps tend to harm you more than help.

*Maximize fixed rate low interest rate loans when they were available*Make your units desirable, your customer service responsive, your tenants happy, and they will tend to stay.

Agents are also susceptible to this, but tends to be more prevalent in the wholesaler community.

I'm with you that sidewalk slip and fall litigation may be less likely in the Midwest than say Mid Atlantic which tends to have more litigious cities but dismissing premises liability issues can come back to bite an investor and when these properties have such razor thin margins that an investor must consider the cost benefit analysis of safety against ROI, there is a real estate issue and is usually a losing proposition.   

I agree that most meetups tend to be more in the southern Hudson Valley.