My audience I was shooting for traveling nurses & displaced families

I am not familiar with PA law on this, but you should become familiar and execute as rapidly as the law will allow.

It sounds like he believes CAP rates have a significant chance of going higher still given most likely conditions.Hospitality can be highly risky as some asset types can be heavily affected by a recession and corporate travel restrictions. 

With only 100k to deploy the Midwest will offer cash purchases and more monthly cash flow and usually less dollar appreciation, long distance travel, and extra time to manage.

I would prioritize the day-to-day details of your life that will be affected by this decision - for example, regardless of what market you decide to get involved in, you will likely end up traveling there more often than other cities.

Unfortunately I did not do the requisite due diligence early enough in terms of Zoning and I can not execute that plan. 

Additionally, our partnership with Mike Hardin ensured local insights and timely execution.

For midterm bookings (1-3 months) we list on Furnished Finder and market the property in Facebook groups designed for travel medical professionals and landlords to connect. 

The down payment plus closing costs, expenses to make the property rent ready, travel back and forth (do not purchase a property in a market that you have not visited and/or do not plan to visit pre and post purchase), and the required cash reserves puts your realistic purchase price around $150k. 

I say this because we usually execute with Hard Money because our other loan options aren't good enough.