A smaller paid off portfolio seemed a lot easier to manage so that is the path I was on.. but I've come to the realization if I ever want to accumulate serious wealth I will have to use leverage and scale big. 

Avery Carl's Book, 'Short-term rental, long-term wealth' How did you find this deal and how did you negotiate it?

Find a good property manager that you can bend their ear. 

Regardless of socio-economic status, a significant proportion of wealth is concentrated in prime real estate, especially in these areas.

You're investing in RE for long-term wealth, not a few hundred a month that can be wiped out with one CapEx item.

Have a frank conversation with the property manager. 

Looking to help people in my community build wealth and continue to learn more about investments myself!

I also have a ton of property management experience and offer tenant placement.

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.