Insurance companies are taking a close look at building materials, quality, and updates. 

The only time its worth spending extra money on materials that will be durable aka tenant resistant.

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. 

@Bryan Stengel, I think alcohol has been the tough one with the STRs, not sure about if you need license( hopefully someone will chip in ) , however there  always the liability part including but not limited to offering alcohol to people who are trying to quit etc.

Ahh that's a tough one to navigate, definitely unfortunate

The market is tough for everyone, new and experienced.

The materials used for rehab werent up to his standards.

Unless you have a very large sphere to start it will be really tough to get going on your own.

The benefit of old homes imo is that I go in and redo all of the systems and have basically a brand new house that I know was done right bc I oversaw everything.Most new homes are built with cheaper materials than the homes built in 1900.

Tough pill to swallow.