Sometimes they forget to tell you that many tenants in Detroit don't pay (depending on the property manager skill and the type of tenant) - but taxes are very high in the city and so is insurance. 

Really depends on what type of property, location etc.

If you're trying to save money or learn by self managing that is fine... but then you have to deal with this type of thing.

But 1031ing your current land into better production land that you rent out can be a very stable platform.  

(I know everyone doesn't have that opportunity.)Another factor is the type of deals you're looking for.

What type of business do you own?

They will sometimes have a few of the more common types of amenities, and may or may not be professionally managed.

I'd love to learn more about investing in hotels and this type of properties, so please if you have any books/documentaries/any type of resource that I should definitely study before I venture in the wild, comment them below my post.Thank you so much in advance!

with your criteria, why not just be an accredited  investor and get into some type of syndications?

It also requires different reporting of that separate interest expense on the K-1 each year so the partners know they have the obligation of tracing that interest expense to however the partner used the distributed proceeds.I typed all this up and realized Mr Brooks has left the building and posted this 6 months ago, but hopefully someone else will find this useful!