IF the tenant works with me to allow showings,  I can usually release them from their lease with no downtime except a day to clean,  which comes out of their deposit because THEY are the reason I need to clean.  

A little about myself, I spent 11 years in the Army flying attack helicopters and now have a fulfilling job as a Medical Helicopter Pilot which gives me a lot of down time to spend on real estate investing.

The podcasts are extremely helpful listen to them in your downtime, you can search for the wholesaling ones and listen to those.

I'd just do one at a time with the cash and use the down time to keep your acquisitions funnel full.

So the key is going to be what is the actual gain on each one and how far you will be buying down.  Time

So in boom times REVPAR can go up  but in downtimes it can go down along with daily occupancy rates.The type of hotel is key also.

You might have down time with no rent, and might have to spend more on repairs/updates to get it rented again and also pay a releasing fee.   

@ Marc IzquierdoHi Mark,Obviously the subleters are paying more than the legal tenant.You should talk to your attorney about,maybe vetting the subleters (for free), and if they qualify executing a new lease with them for the amount they are paying now (no turn cost, no down time losses).and concurrently evict the tenant for subleasing.If your lease prohibits subleasing, and the tenant did that, it might be fraud on the subleters.They simply begin to pay you vs. paying the tenant.You should talk to an attorney about this.Good Luck!

Walking distance to campus sounds like this will be a super easy rental with very little downtime. 

Not a bad thought since I could get a comparable return in Money Markets to help offset downtime.