Hello from Playa Del Carmen Mexico

[Mikael S.]

Hello Fellow Bigger Pockets members,

My name is Mikael and I have lived about 4 years in Playa Del Carmen Mexico. I´m completely new to real estate investments and have joined this forum in hope of finding some answers before I plunge in and start on what could be my dream or a potential nightmare.....

I have sold my business some years ago and have lived here long enough now to know I will be hanging around for quite a while and I have slowly gotten an idea about how things work down here and feel I´m getting more and more ready to start on my dream project.

I would like to build a building here with mainly studios and rent them out to tourists using AirBNB and this should be my retirement or at least a good stable income.

I have lots of questions and lacking answers and guidelines to do a good analysis of this project and I would like to post in the Deal analysis forum and would like to write as useful a first post as possible so what info should I add in ?

I got the building costs worked out more or less but the main problem is to analyse the potential rental income so I really need help trying to analyse it...

So thats me and my real estate project :)