I would be less concerned about trying to pick land based on future appreciation & selling. 

Quote from @Alan NA: If you could pick one or two neighborhoods in these two states to buy a long or mid-term rental property $1mm or under, which would it be and why?

Picking 1 area and sticking with it can go a long way.

Pick a market, go onto Zillow Agent finder, look for reviews that mention something about investments, call the person to make sure they invest themselves and go from there.

Things to consider: daily internal operations, external branding and operations, lending, in addition to inside out *legal protection and outside in** legal protection, privacy/anonymity/identity protection and security...Prevention measures at different levels, preventing the attack from being initiated vs preventing the attack (lawsuit) being successful vs reducing the damage of a successful attack.... there are many elements and I see people pick one and argue about it without looking at the whole

Pick a lender.  

Also, there are more things to consider than max ROI.Most people start by picking a particular type/style of property that they like for some reason (usually a gut decision).

We are starting to pick hotels over Airbnbs because they're becoming ticky tacky for our taste and theres no $$$.

Sean thank you so much for your response I will reach out to you shortly to pick your brain and learn more. 

@Jesse Jones-Smithhi. i tend not to advise people on personal residence items because... it's too personal. so i'll just pick one thing you mentioned and provide a comment.