for the clarification.Since I am planning for a tourist hotel, the shower makes sense as you have highlighted. 

Much more demand in summer, but there is still a chance in winter due to the mountain, and tourists coming to ski/snowboard.

Provide a level of quality that may attract the better quality of tenants, but don't overdo it.

Of course, to compound this analysis, you can have a modest area that actually has certain sections that are seeing growth due to proximity to education, transportation, industry, or some other attraction like rivers and recreation.

When research markets for things like demographics, wage growth population growth , and attracting the creative class; what websites or specific data do you pull where do you get your information and what numbers and specific trends do you look for most when choosing to invest buy and hold wether commercial or residential?

Irregardless of your answer to the above questions you will want to position the property for its highest and best use, which will in turn attract the largest tenant pool. 

Attractive past returns might not be reflective of future returns.

In florida, people spend time outdoors so this is attractive but likely not a deal breaker.

They could sell the first position note (which would be at an attractive rate) and hold the 2nd (which would be as close to negative as I can get it) but even then running 19 buildings for a few grand a month seems pointless when there's easier money here. 

However, the sell price is looking attractive.