Cheap money and low rates produce euphoria, which increases flow of money to an asset, which pushes up the price to uninvestable levels.I think it's going to get worse than better in the short term.Gino

Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

Quote from @An Lan: I am not a professional real estate investor, I just invest in houses as a safe asset and do not choose to rent them out.

Prioritize your financial stability.

I didn't understand why I could not get my money out of a free and clear asset. 

Whats a typical multiple for such asset?

Since you mention this is your first deal, what other assets do you own that you are trying to protect?

Hi @Joshua Manier,**I'm not affiliated with any of the companies mentioned**Your strong financial profile and low LTV puts you in a great position!

Focus on the physical aspect of physical assets. 

There should be some financial advisors or real estate attorneys on here around your area who specializes in hospitality ventures and might provide valuable insights tailored to your situation.