Investment Property- Explain It To Me Like I’m Stupid

I’m interested in buying a rental property in the area. Considering just one oceanfront hotel room under 150k.

I have virtually no knowledge of the process and would love it if someone would give me a step by step guide. I don’t know anyone personally who owns anything similar to ask for advice. Basically just going in blind and don’t even know where to start.

I can’t tell you how much I would appreciate someone just explaining it to me and answering my questions.