But many include incentives based on GOP (Gross Operating Profit) so the management company's objectives are aligned with that of the hotel owner

@Leah Mitchell1. patience. it's not a get-rich-quick scheme, it's a get-rich-for-sure. that doesn't always resonate well in today's microwave society.2. it's a people business. it's about the people you meet and work with. spend a lot of time networking and understanding how you can provide others value.3. consistency and focus are key. it's too easy to chase all the new shiny objects after every IG post or podcast you see or listen to. pick a lane and stick to it for years before you start looking elsewhere. look at your market and deals every day.

@Joe DaigleI am seeing a lot of investors acquiring loans which appear to result in single digit yieldsIf there is a significant payoff above UPB they may pay above UPB but the loans I have seen selling have not been selling above UPBPersonally for the effort, most smaller investors are better off investing in a syndication than buying a one off loan as the returns will be similar and it will be a lot less work.

-you need to change the locks or digital door code. 

I have had all the objections you guys are throwing at me in my head since I started researching this stuff, so no disrespect to you guys at all, but I still want to start this way.

Not just same objectives, but same moral compass, decision making abilities, etc.

The lender's objective is to recoup their outstanding loan balance, plus any additional fees associated with recouping that loan baseline i.e. attorney fees for the foreclosure and those fees are typically included in the auction starting price so to speak on auction day.

The internet is virtual real estate - your real life RE experiences might as well supplement a digital counterpart. 

A thorough guest book, preferably digital, goes a long way toward eliminating basic questions and providing the best guest experience. 

Most importantly, I'm ready to take on risks.The Delima:So I believe I am ready to buy my first investment property but my objective is to do so with 100% "other people's money".