So, if budget becomes an issue dig into what upgrades make the most sense.

Tulum has beautiful beaches, trendy restaurants and shops, and eco-friendly resorts that make it very popular.I'm wondering if anyone has insights into whether something like this could realistically be developed in Colombia?

I think there is a diminishing marginal benefit to upgrades you can do increase cash flow here given most things in your home is upgraded.

Hey BP I’m upgrading the washer and dryer in my duplex and debating on whether or not I should install coin operated ones.

We just finished two single family homes that were in very good condition when we bought them and we still spent 25k on one and 35k on the other on cosmetic upgrades.

Obviously this doesn't make a lot of sense from a cash flow basis but if we were to refinance it later on at a lower rate, after we do some upgrades, that could significantly help us but the reduction in cash flow is concerning.If we take the equity out and truly Brrr it, then we are doing better because we avoid the lower value mortgage but can finance at a higher level after reno.  

To get the full effect of how I first saw it, I'm going to have to ask you to imagine a raccoon sitting up on top of the bed.If it were mine I would curb appeal this place to make it desirable to a new buyer, and just leave some meat on the bone so they say, as far as the interior and the upgrades.

I'm sure you have to upgrade more and more to get consistent bookings.I would also agree that not as many people are willing to fly into the Smokies as opposed to flying into the Rockies or just going International. 

I agree though with everyone, best bet is to buy him out asap so you can do what you want with it to upgrade it and then decide.

How can you turn it into a better deal with smart upgrades or expansion?