I have a 3/2 rented with that model for 7 years , no major issues since I started doing background checks.

My pals who work at Airbnb confirm that, for the overall majority of their clientele, a 2-hour transfer from the airport is no big deal, especially if they had a direct flight in.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

We are in the middle of major infrastructure and RE growth (res and comm) and need to know how best to handle the property we are on from both a short time and potential long term investment perspective.

A lot of STR investors prefer to sell off-market so they don't have to shut off business during tours, and I'm lucky to get access to a large majority of those deals in CO.

But I think the majority are not adapting to say the least. 

.- Getting under contract and then reducing the price because of findings is common, but major reductions are likely to tick off the seller unless you have strong justification.

If you want to do Section 8 you want to be in the ghetto of pretty much any major metro area.

Keep in mind a few things - many major markets currently have a glut of multifamily projects so you may be competing with large apartment complexes with amenities offering incentives in a competitive market. 

I patronized a Chinese Restaurant located on the main street in Dunnellon NJ, had a major fire, and could not be rebuilt the as before, i.e. with the apartment upstairs.