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Rookie looking for advice. Have $50k cash to invest (n/w = $200k)

I am 35, have an MBA, live in NYC, and would like to (at a minimum) supplement my income by buying an established business (no multi-level marketing, no offering seed capital, no franchises) that doesn't have inventory and I can run from my apartment with my wife.

The long-term hope is grow this business where it would be a full-time job - but that would require at least $100k in net cash flow (or gain skills to buy 2-3 co's)

But my short-term questions are around financing. If I only have about $50k cash to invest in this venture, what kind of owner financing can I hope for? i.e. what should be the cap purchase price I should focusing on with only $50k to invest.

The other thing is every ad I've seen and every person I've talked to normally says that their company that brings in $80k in annual cash flow is run on "less than 10 hours a week". But what is the actual time commitment? It can't possibly be that low. Because if it were, why would someone sell $150/hr for 2-3

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