So you have bad financial terms working against you along with finding properties, making deals, getting financing etc Secondly - for me it's time consuming.

Tenant issues are more likely to arise and then you have the owner....many aren't qualified expertise wise or financially to weather the storm.

@Travis Gutting, the fact of the matter is: $100k in today's market is by and large going to land you in a "rough part of town", a MAJOR renovation, or into rural areas.Granted, I don't know every market, but Cincinnati (my market) and Louisville are not too dissimilar.  

Today I'd say buy a condo in DC for a discount, tomorrow that advice may be different. 

Was truly one of the best financial decisions of my life. 

i say that not to discourage you, but so that you have a realistic picture of what to expect.as @Travis Timmons alluded to, you need to be in a strong financial position to even think about starting to invest. 

I am a 37 year old high school basketball coach that is not very happy with where I am financially and am seeking a way out of living paycheck to paycheck.

I would underwrite buyers based on stability of income, financial payment history & ability to pay.

You need to look at all the financial numbers of the business/ hotel and owners won't release them until there is a contract in place.

That discussion pushed me towards ground up construction, where I finally find myself today.