It has gained a lot of interest from millennials and Gen Z in the last few years in particular.

probably a dumb question but do you pay tax on the gain.. 

However, the market is currently crowded with cookie-cutter apartments, creating a lot of internal competition and pushing rental rates down.For short-term gains, I’d avoid preconstruction projects unless backed by bridge loans or completion guarantees, as many developers in Tulum have failed to deliver.

I might also consider if i could turn the garage into a rental, or into an apartment for me, while renting the other place so that I'd still be on the property at least until I gained confidence in the tenant.

If it turns out well a good lender is worth their weight in gold.

Recommended Long term rentals are the way to go at first, Medium term and short term are strategies to look into though once you gain your bearing.

@Steven DeHart I'd start off listening to the podcasts and gaining as much knowledge as possible.

If married you can exclude $250,000 each in capital gains if your primary residence.  

.- Selling could yield $400-$600k, mostly tax-free, if sold by spring 2025 while within the 2 of 5-year capital gains exemption.Options:1.)

Mentorship and joint ventures are excellent ways to gain experience, and it’s essential to start small, communicate clearly, and build trust.