Cabo San Lucas/Mexico Investors

[Brianne H.]

Hello, I'm fairly new to bigger pockets and am interested in purchasing a rental property in Mexico, most likely Cabo, within the year, and would like to network with others who may also be investing (or are owners) in the area. I'd love to chat with you and get to know more about the area and the market, as well as laws, mortgage rules, and anything else that might come up if you'll allow me to pick your brain. Thanks! 

[Brianne H.]

Thanks for the replies. @Benjamin Brasher I'm not sure how I'm going to finance it yet. I'm trying to do as much research as I can but this is all new to me. What is your recommendation for financing in Canada vs Mexico? (Paying 100% cash isn't possible, it will have to be financed.) 

What sort of things should I be looking for in a rental property? How feasible is it to do short term vacation rentals (Airbnb & VRBO likely) and have a property manager who is flexible enough to be able to accommodate that, such as key drop offs and pick ups? What is the average costs for property management, cleaning, taxes, etc that I should be using to base my calculations on?

One thing I am struggling with is finding information on vacancy rates on short term rentals, as well as average rent and costs associated. Makes it hard to calculate my ROI when I haven't been able to find any real life examples on paper that I can analyze. This is where I'm hoping a kind soul here might be able to help point me to some real life examples.