Be really careful if you go this route, there are some shady actors in this space. 

But I think there is a gap and opportunity for investors to realize a tremendous amount of value from this, especially those in the HCOL/SFR space. 

If you have rules in the lease such as furniture in shared spaces is fixed.

Very early in the tenancy he made reference to a divorce that made money tight, when talking about an electric bill. 

I think this will correct itself over the next 3 - 5 years but it will make cashflow tight or negative until then.I have a great contact of a Realtor that works primarily with investors who has represented a few of my borrowers that I can share with you.

I would suggest leasing a commercial space for your business first before you go straight to purchasing a space.

You will get much further in your search by signing with somebody experienced in the space.

Matthew,Am just starting to invest in multi family space, realistically up to 50 units.

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand. 

What caught my eye was how timeless your question is - high prices and tight cash flow are still big challenges here.