But there’s a world of real estate beyond that; if your dreams and ambition is to enter the realm of 40 story office buildings, city block redevelopment, 500 acre mixed use projects or 300 room luxury central city hotels, then starting with an investment in a $80,000duplex is probably not going to get you there today.  

Don't be surprised if you have someone with full face tattoos, "no background" and references like the local hotel manager applying to rent your house.

If they have renters insurance, they can go to a hotel. 

From a renter/family point of view, especially if you are traveling with kids - My wife would not even look at an STR (or Hotel for that matter) without a pool on a beach vacation..

Every time I visit there is a new restaurant hotel or massive new residential building, 2 lanes into 4, massive infrastructure.

I previously worked at a busy corporate hotel in downtown Cincinnati and was always surprised to see bookings all year round between business travel Monday through Friday and the convention travel on weekends.P.s.

Lol, I have been hearing about this BS stat about population decline for 10 years, DO NOT buy it Why new hotels, new restaurants massive residential buildings 2 lanes to 4, massive infrastructure, Amazon taking 3 mill sq ft, Has not appreciated as other areas, HMM, 100, 200, 300% ++++  over the last 10 years, on top of the 20- 25% net caps,,,,,, See this is what happens when you sit on the internet, BAD info.

The better way to buy a property like this is to upgrade - if you ever played monopoly: four green houses to one red hotel.

Rental income is passive, but hotel and some short-term rental can be considered services income, not passive rental income.Any debt instrument used by an IRA or 401(k) would need to be non-recourse. 

Only hotels.