Move to an area that is having population and job growth and their economy is diverse.

The recession is coming soon to an economy near you!

Here's a Louisville business first article that outlines the growth: https://www.bizjournals.com/louisville/news/2017/06/26/forbes-says-louisville-is-no-1-in-the-nation-for.htmlAs a commercial agent, I've witnessed the increased industrial and manufacturing activity and I believe it bodes well for the Louisville economy as a whole.

It’s called economies of scale. 

Just find areas of interest, research the local economy (job growth, market rents, etc.), and start calculating numbers.

Etc.The front range, and the state as a whole, has a very strong and robust economy which has definitely impacted the real estate market.

Juliette Tennert gave a very insightful presentation on Utah's current economy.

It’s only a couple miles from hill air force base which helps the economy but does have noise associated with it in some areas. 

In my opinion, you need at least 100 keys for there to have enough economies of scale AND to attract the attention of various hotel brands.If there won't be a problem with zoning and the math pencils out as a long term rental, convert to long term rental.

Ooooh thats a really good point, literally stimulating the economy.