I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

Basically one is in the service industry (hotels and tourism), own a business or came with money.

I'm about ready to bite the expense and go stay in a hotel there a few weeks so I can jump on these as they come up...or find a better agent.

I realize that vacancy rates are going to range based on many factors, but are there any industry averages out there for hotel/motel vacancies?

I have a lender that will go as low as 1.5% over 3 mo LIBOR on multifamily, office, retail, self-storage, hotels, land with a plan, restaurants, car washes, and single tenant deals over $3MM.  

His boss had been putting him up in a hotel in another town that they needed him to manage.

Cost estimates will be difficult unless you can find a GC with like Hotel or existing apartment renovation experience.

I have a tenant that is going to fill an emergency tenant remedies action on me which means I have 24 hours to fix the issue otherwise they are able to force me to pay for a hotel for them or something like that. 

Part of me wants to go back to the hotel today and wait for them to go on break and talk some sense to those who have been suckered, but for most who got talked into the deal, it's because they are past the point of hearing a reasonable argument against it now.

@Chris Munichiello quite often gentrification takes place in cities where there's a shortage of prime housing.As many others have mentioned the signs of gentrification I won't repeat but you can look at certain cities across the US that have seen gentrification over the last 20 years to have a better understanding of what your looking at.San Francisco - 1993 and 2003Culver City, CA (part of Los Angeles) - 2010Inglewood, CA - 2017 to PresentPortland - 2003Seattle - 2001Nashville - 2004-2009It's exciting to be part of the gentrification process as you truly do see the trendy coffee shops, the Trader Joe's, Whole Foods, big branded hotels, and trendy housing options being added and developed.I'm experiencing the gentrification process in Inglewood, CA right now and it's great!