I've worked on a historic hotel restoration in the past that used state tax credits from Louisiana.

Obviously there's a grass roots component here (along with the hotel lobbyist's obviously).I say this, in this tread specifically, not to play chicken little but to make potential short term rental investors in the Tucson, Phoenix, Scottsdale, Flagstaff and other communities aware of the fact that Arizona will not always be the "Airbnb Wild West" and to be prepared for the eventuality of STR regulations being imposed here, as is happening all over the country.Now, most of the regulations that I've seen that have been imposed have a grandfather component so getting in ahead of the "smack down" could stand to secure the value of your rental, but this has not always been the case, some places simply shut it down (Which I don't think AZ would do, if anything they'll just impose a permitting requirement as it shows good faith to the lobbyist's AND increases tax income).Also, government regulation isn't ALL bad, as it slows the influx of competition in an area, helping to keep prices from bottoming out.I say all that to say this.

I know you can Air BNB the condo-hotels at the MGM or the Palms, but I’m sure there are specific loan requirements for those.

Also if this is the only bathroom, ask about rent abatement or putting you up in a hotel (although that may not be an option with the COVID-19 situation. 

Invest in Residential Real Estate - Single FamilyInvest in Residential Real Estate (Town Homes, Duplex, Fourplex etc.)Invest in Commercial Real Estate – MultifamilyInvest in Commercial Real Estate – Retail CenterInvest in Commercial Real Estate – Hotel/MotelInvest in Commercial Real Estate – Public StorageInvest in Stock Market (Stock, Mutual Fund, ETF, Options, Bond etc.)Financial Planning (Budgeting, Estate Planning, Tax Planning, Retirement Planning etc.)Other

We do mostly retail, some behavioral health, hotel, apartment building, etc...

I recommend it for any new investor (or seasoned investor) :)I also have a full-time bartending gig at a large hotel in my town, so I assure you it is a balance game finding a way to make this happen every day.

In addition to that Pyrrha, this lot is close to the airport, perhaps a commercial building might work too you know hotel or office space?

I do not intend to operate it as a hotel/motel after the purchase.

If you just went to airbnb or fancy hotels in the end you'd save a ton of money.Yet many wealthy people own vacation homes.