The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

There is certainly a difference between age groups though as far as which generations typically go for which type of accommodations...yes.But like I said, I think you bring up good points and it's all the more that someone looking into hotels should investigate in regards to the area they are thinking of investing in.

There is no doubt in my mind that if I actively worked that neighborhood I would have flipped a few but OC is only a vacation destination for me and thus I only passively investigate.  

Shed - I always encourage buyer to investigate themselves.

It occurs to me that I should investigate the idea of selling via 1031 and rolling into a larger-ish complex of 800k-1M.

I wanted to ask what do I need to do to investigate whether the 3rd bedroom was legally added to the property?

I might investigate other properties in that area since I'm starting to understand that rental market.  

If the current POH rental rates are below market, investigate remodeling them as they become vacant from tenants moving out.

If you are looking for cash flow, I would investigate some of the midwestern markets like OH, KS, Indy, etc.

I live in Denver and I'm investigating the investment property landscape here, around CO, and out of state.