With limited experience you bring a lot of risk into the picture that combined with travel and delays could spell disaster.

If there are no studios, I’d be a little wary unless you know for sure your demographic will be solo travelers, couples, or people working remotely. 

Assessing the time commitment and associated costs will help you make an informed decision.Market Conditions: Are you confident in the stability and growth potential of the local real estate market?

I agree that's true but kind of a mute point imo... if you're concerned with the pex leaching chemicals then you should be concerned with the piping that city water travels in before reaching your pex lines and the quality of the city tap water in general.... as well as anything you drink that's bottled and any food that's bagged in plastic even those labelled as food safe which have been shown to leach chemicals.

MAYBE MTR, but not enough confidence to recommend that over a LTR.  

Purchased with plan to live in permanently, put it as a STVR while traveling in our RV during the pandemic, and it did so well as a STVR that we decided to keep it as a rental and buy another cabin in Yosemite as our primary residence.

But if they are truly confident in your success and the value of their course, I would imagine they would WANT to invest in your deals, introduce you to known LPs within their circle, and even co-sign loans (if and when needed).  

A 5 bedroom will work for one segment of the travel market, not for a single, couple or family of 4 or 5. 

Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.

I imagine that when details are not shared, operators may feel it's tedious or unnecessary to share with investors or they're not confident with what is going on?