It's important for investors to do their homework and make choices based on their goals and how much risk they are willing to take. 

I'm still learning about this type of lending but the appeal to me is that they don't consider personal income or tax returns, it does not need personal debt-to-income ratio qualifications, it's collateral based borrowing..

So the amount will vary dramatically based on the home price. 

There are a ton of houses for sale in the Disney area and based off competition I think a lot of people are going to sell at a loss just to get out from under the house.I don't think any of the options are good, but have you thought about what the plan is for 3 to 5 years from now?

Roatan is in Honduras, not Mexico but based on what?

As I've been looking for a while close to home, I'm considering expanding my search to anywhere around a 5-6 hour drive away (my parents and younger siblings still live in SD, and my work which I can do remote/flex is based in San Diego).I'm considering new markets and interested in feedback on what areas anyone suggest I start to narrow in on. 

Still able to get 10% net caps based on cash purchases ,  Its all about your team .Good Luck 

I chuckle these days when I have friends mention a Canadian "ghetto".The barrier to entry (housing prices) would be the biggest factor in my opinion and therefore you'd need significantly greater capital to get started compared to the US.I had done some personal research in the past regarding investing in the US as a Canadian and you could do it from both ends:Canadian using a Canadian bank to finance a US property (think retirees buying places in FL or AZCanadian using a Canadian based bank that now has a foothold in the US (ie, TD, RBC, even Scotia)Canadian using a US bank to qualify for a property - clearly more work and have to talk to the right places.I won't get into my opinions of the housing market back in Canada in general, but opportunities will present themselves at all times...I just think you'll spend a lot more time and energy having to pursue it and garner a significant amount of capital to get started.

My 10-year goal is to own and operate 2-4 short-term rentals in lake-based vacation destinations and provide add-on hospitality services to further my mission and cash flow.

The other two units that you yourself are not occupying have to cover mortgage payment based off of rent schedule.