Many people I speak with initially gravitate towards the "cheaper" areas because "numbers are better." 

You should find some like-minded people there.Jens Nielsen

Most people that scale also choose one strategy to start with and scale in.

Some people just are NOT cut out to be landlords.

I'm curious what other people think of this list.

I am also a huge believer that with massive affordability issues in cities people will start to migrate to smaller towns that they can afford.

Seems like a lot of people are recommended them here. 

Some hotels actually have a condo like structure, where people can own the units, but perhaps are limited on their personal use to only a certain amount of the year - the rest of the year it is in the rental pool managed by the hotel.If numerous room owners stopped paying their bills, you could get tax liens on numerous separately owned units.Hotels are a tough business, an issue I also see come up with them often is that they require refreshes, expensive and relatively often - at least once every 10 years, if not more often. 

We do get people coming through for ETSU and Milligan graduations, temporary stays for the VA, and some tourism in the summer and fall but you're not going to stay heavily booked. 

They are usually funded by very wealthy people or a group of investors pooling money together.