People really enjoy this if it is set up correctly and you can make a healthy profit off of it. 

I don't think I could make a hotel fit my model.I only want a vacation rental where people want to stay with their family on vacation. 

As other have identified, you won't be able to collect for any damages as I rented to a Canadian citizen who was a great tenant for three years till he did not pay for three months and quietly vacated the property.

Many discover that finding and securing these large deals is a challenge while participating in syndications allows them to enjoy the benefits of real estate without the headaches of actually being a landlord.

Do you like Scottsdale a lot and plan on using it as a vacation home for yourself and then rent it out when you aren't there?

Rent control, crazy laws anti landlords and other things makes it hard to enjoy your investment. 

Regions bank does short term rentals for vacation homes all day long. 

@Jordan Moorhead 2nd question, were the tenants already planning to vacate, or was that an action you took on closing? 

Really enjoying the latest podcast featuring her as a guest.

I finally did, in January of this year, and have been enjoying it immensely.