Fayetteville is a good market for recession risk mitigation (thanks to the military) but that hardly (imo) outweighs the increasing difficulty and smaller profits. 

Always go small banks and they will typically treat you like a person.Large banks see you as a number and will typically not work for you; if they run into difficulties, they may not try hard to work them out.

This would be the title of my book:Dealing with Daily Difficulties in your STR.

The initial cost outlay may seem like a lot, but if you have to take a long term hit on rent price, high vacancy rates, difficulty in finding tenants, etc then those costs will be much higher. 

In both cases, the interest rates are making cash flow very difficult. I

Choosing a strategy in the beginning can be difficult. I

Fewer people would need to go through the things others have found difficult. I

Inhale your lunch if you can even do that. 

Does this make the financials and taxes more difficult? I

Very good points Bruce, and  didn’t think about the difficulty to obtain a commercial loan for many investors.