No, your method never works and will only cause a multitude of issues.

I became interested in Huntsville in particular because of its diverse employment base (Facebook data center, Toyota plant, Redstone Arsenal, and the multitude of aerospace/defense contractors).How did you find this deal and how did you negotiate it?

I agree that a multitude of issues have played into it, and frankly I think the person who gets a loan that they can't afford is the person that should be held responsible.My point was to make clear that you should make your financial decisions based on your own research and numbers and not on a lender's opinion, a realtor's opinion, or an appraiser's opinion.Scott, I would have to disagree with trusting a non-investor's opinion on an investment decision.

I find lower income properties present many pluses. 1. cheap acquisition 2. low amenities 3. multitude of willing and easy to replace tenants.

Reason being is that anything stabilized in that size is going to have a multitude of buyers and you'd be facing fierce competition from more established players.I would also recommend maybe looking for some value-add opportunities that are being operated inefficiently and/or need heavy capital improvements. 

Though Airbnb/STRs are great on paper, they do present a multitude of challenges especially in Chicago where the regulations have been becoming more and more stringent and limiting.

This niche is very foreign to the investors here for a multitude of reason - class, race, socio-economic familiarity, culturally, etc.And I don't think they are necessarily wrong for that!!

The tax deadline is far away but I prefer to have someone now rather than later.I am sure there are savvy independent CPAs out there with good knowledge of handling multitude of real estate issues - out of state syndications, crowdfunding syndications across many states, out of state SFRs, opportunity zone investments in many states, vacation rentals in foreign countries, etc.

I know there are numerous sites like Airdna - so you could use a multitude of them.   

Depending on the size of hotel you are looking at, and flagged/independent, there are a multitude of experiences that follow.