If you're providing an "up-scale" environment and hope to attract more guests of this calibre (I do; they don't quibble about higher nightly rates and rarely cause problems) then I recommend white duvet covers and wash them after each guest.  

If you go into this asset class you are going to deal with court filings for non payment so that will be a pain.

Another example of the importance of understanding Property Classes and market geographics!

Long term I anticipate construction costs will generally soften as the high-rate environment continues and stifles development.

So I started from scratch 3 years ago and purchased one by one 10 rental single family houses in the last 3 years, all in my 20 miles neighbouring environment upstate NY.

@Mark TaleonCashflow and appreciation in this environment of high interest rates are hard to achieve at the same time.

I would suggest probates, liens, bankruptcies, and class B/C/D landlords with vacancies (see if you can find some migration data).

Read up, tune into talks, and watch online classes about different methods in investing, deal checks, finance options, and taking care of property.

Do they look like poverty people cars, rich people cars, or working class W2 people cars.That will give you an idea if it is something you believe you can handle before going into the financials of the business , and by financials I mean the projected earnings of the business, and the earnings of other business owners that you interview. 

The combo of the current rate environment, the current prices of most properties, and the current rental market makes cashflow much more difficult these days that it was a couple years ago.