I am ok with it as long as I can definitely get my parcel back without excessive cost or complication.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

A family of four in a two-bed unit isn't too many, but the excess furnishings may be a sign of trouble.

Typically, when I'm counseling with an out of state client that is living in a higher cost of living area - the client is usually better off to house hack in an expensive market rather than buying RE in a lower cost of living area unless there is a lot of excess capital to work with.If you have any questions - feel free to reach out as I am happy to chat.

I know I could look to refi to get the equity out but then I would loose the 3.8%.

So, by your logic this landlord should be aiming at an approach that can lead to excess vacancy/turnover which is costly.

Moreover, Tulum is loosing the very thing (its bohemian vibe) that people loved about it as it is trying to become a second Playa del Carmen, which it'll never be because it doesn't have the geographical location for that.I wonder though.

It seems as though a lot of these rules are loosely enforced?

So with my excessive answer I would leave you with this: you get more protection from multiple LLCs (when established and operated correctly) holding the different assets, but it also costs more.

Any damage to the wallpaper, paint, walls, floors, carpeting, doors, windows, window treatments, light fixtures, appliances, or other improvements to the Property (to include burst water pipes due to freezing caused by neglect or carelessness of the Tenant, his family, or any of his guests), in excess of ordinary wear and tear, shall be promptly repaired or replaced by tenant, at Tenant’s sole expense, so as to restore the Property to the same condition as existed prior to the commencement of the Term.