(This happened to a hotel near me where the builder used too much glue on almost all the fittings and now they are ripping out all the cpvc pipes in the whole hotel.)3).

hi mike, congrats on the move. it sounds like it was not easy. but hey, thats a good thing. you have proven that you have what it takes to make it in this business. you are willing to stick it out no matter what it takes. you got what it takes. that being said, don't have such a low opinion of home inspectors. i happen to be one. some are, lets say, less that enjoyable. its not uncommon to find two different guys with 2 different opinions just weeks apart. i am sure it was not an " altogether different list". they most likely found many similar things but one guy found more issues and one guy thought an issue was a big deal when the other didn't. thats normal. it sounds like you got a decent deal on the duplex. congrats. hopefully there is equity in the place that you can use in the future to buy more. my advice, go ahead and turn that storage space into an studio apartment. who cares what to call it. lets just call it a money maker.......lol. if you live near  a college or something, you could rent it out to a college student, or make it transitional housing by renting it to someone in a transition period of their life such as someone just moving into town for a new job, or someone who would otherwise rent in an extended stay hotel, or even a vacation rental sort of thing. there are all kinds of possibilities here. good luck to you

He advised me to simply have them sign a Hotel/Motel type agreement and then call him if I had troubles. 

Great person who made my life much better in our hotel business.

There are many new restaurants with the growth along US Hwy 259 in auto dealers, hotels and new apartment compleses.  

Learn the credit card rewards game so you can take your regular spending and have that pay for vacations or hotels(thepointsguy.com)4.

Marriott has a chain of 7 new "feature" hotels in the world targeting Millennials providing social environments on the main level and tiny hotel rooms.

They are called hotels*.

If there is a need for extended stay hotels, I don't know as I go and look to convert a failed Best Western.

I know several who rent properties and rooms out by the hour.They have been rather successful and appear to be paying the bills.Problems I see is higher vacancy rates (compensated in the rents) and cleaning duties.Finding prospects to rent on a reoccuring basis could be time consuming too, but they have a long list of regulars.Lots of competition with larger motels/hotels too.Renting out meeting rooms for seminars and small group meetings, even church groups that don't have theirown space is really a niche market.