Even with the manager, in mine, I'm thinking about and doing more in the STR than they ones I actively manage.

@Andres Felipe Alba Hernandez Yes, neighborhood covenants can sometimes restrict certain activities, including short-term rentals (STRs) or renting out parts of a home, even in areas without a Homeowners Association (HOA).

The mortgage foreclosures require the state to acquire three appraisals of the property, the opening bid on the auction will be 70% of the average assessment as the opening bid.  

Savvy visitors to Mexico avoid certain areas and taking part in certain activities, like they would actually do anywhere."

Even though there are multiple variables to assess here, what's the age of the property? 

•How to assess the viability of investing in resort properties, such as those in Watermark Beach Resort.

I know this may not seem possible, and probably not the answer you were looking for, but it would be worth partnering with another active investor, bringing in a passive investor(s), or even waiting until you have enough capital to deploy into the right deal. 

Occupancy can be off the charts in places like this because there is so much activity or reasons for people to visit during what would be slow days of the week and off season months. 

Also, I used the humbling time to assess the types of people I bring into my life.

Regarding your second question, are you asking if those activities help meet the IRS material participation tests or qualify you as a real estate professional?