Some possibilities include:Keeping the building and renting it out for incomeSelling the building and investing the proceeds in other assetsUsing the building for a business or commercial enterpriseDonating the building to a charitable organizationIt will depend on your financial goals, risk tolerance and tax situation.

I am eager to understand:The nuances of different neighborhoods and their respective investment potentialsThe challenges and rewards you've encountered in this marketYour experiences with local teams (agents, property managers, contractors, etc.) you've worked withAny key lessons learned and strategies that have worked well for youI would also greatly appreciate insights on potential pitfalls or critical issues I should be aware of as I consider investing in this market.My ultimate aim is to make an informed decision and hopefully start a rewarding journey in real estate investing.

If you ignore basic business principles such as risk adjusted reward, then on a shallow level it may seem so. 

Let the management company have the rewards and risks of managing a STVR business.

@Russell Brazil sounds like you're talking risk vs reward.

Some of these are actual physical items that require going to the property.Owning remotely with a great property manager is fine and rewarding!

That is not to say there are tremendous rewards for purchasing land if you definitely know what you are doing.

You need to determine what the cost of doing business is vs the reward and set your pricing accordingly.

Ultimately, these are investments, and your risk/reward should be the driving factor.Buying a 100+ unit will get you the efficiencies of being able to afford a couple full time people, right off the bat.  

While there might be startup costs for licensing and marketing, the potential to earn commissions from property sales can be rewarding.