We did however have to be licensed with the division of hotels and restaurants. 

The restaurant options are alright, but the shopping is so-so and you have to drive a long time to get there depending on where you're at.3.

Lots of new restaurants and attractions are moving in, and new residents by extension. 

That being said some of the areas do drop down a lot during the winter just due to lack of services running, restaurants closing for the seasons, and lack of events going on; so staying in areas near the year round attractions will be very important.  

Grocery stores, doctors offices, dentists, locally owned shops, higher paying jobs but also just more jobs themselves, restaurants, etc...  

You must also think about managing the hotel, sales & marketing food & beverage / restaurant operations, labor/employment relations, etc.). 

The home is also next to a major road in Michigan that leads to local malls, major businesses, restaurants, and other popular cities around the area.

I purchased this townhome along with several other investment properties to rent out as STR’s and mid term rentals to offer higher end options to stay the night in our town and enjoy the restaurants, shops, pubs, etc.

Purchase price: $400,000 Cash invested: $400,000 Grocery store, 5 apartments, bar/restaurant/event space

Pay a premium for a meal in a restaurant and learn less or make your own meal and actually retain the lessons along the way, i.e. what @Nathan G suggested.