Most mortgages aren't "assumable" (able to be transferred) and even if it is the new borrower would need to qualify the same as the original borrower.

You might find something that fits your needs.

Hi David learn what you need here on BP.  

@Brian Chadwickno need to sell - why not refinance?

(Of course, there is a factor that higher rating will increase my booking but that is not just coming from adding one or two amenities) Besides item 5 and 6, I am not sure how much other items will attract more guests to my business.

They need to be the right fit for the group. 

@Bryan HartlenManaging low-end properties can be demanding due to higher tenant turnover, increased maintenance needs, and frequent rent collection issues.

If you plan to get a turn-key property, there really isn't a need for a PM.

say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash. 

Also, coming from running a business just think of RE as a business (which it is), the numbers have to work and your investments need to fit into the big picture.