There has been a dramatic increase in listings, but if you keep your rental nice and kind of unique/stylish, it's likely not a bad investment idea.The city/region has a major issue right now regarding hotel/short-term rental availability.

It doesn't sound like you'd have to hold the property for a long time and if you're doing a cash-deal there's no mortgage to pay but it still doesn't sound like there's a ton of spread here.And you can take on that a few round-trip plane tickets, hotel stays, etc. for you since you're doing this deal and living in Wisconsin!

The insurance company put tenants up in a hotel.

I reach out to the sellers in a nice manor via text and stated that i noticed the property was empty, i want my keys and i wish to move in early because i have tenants lined up to move into my current home and i dont want to live in a hotel with my kids for a week.They responded to my real estate agent that they woudl give me the keys the following day and i could move in on a specific date if i released the full deposit now.

A lot of them transfer to the same airlines and hotels.

Office buildings are less sensitive to consumer demand than shopping malls, while hotels, with their short, seasonal stays and reliance on business and tourism travel, pose far more risk than either apartments or office.3.

If you were to convert some of the rentals to Airbnb, that income is usually considered "hotel" income not "rental" income. 

Then started building hotels in North Dakota when fracking started. 

My main concern with it is that area is seeing a massive amount of new construction in both hotels and houses and if the economy gets soft the booking could get very competitive and rental rates could compress and occupancy fall.

We are looking into multi-family and hotels.