Seems like a lot of folks prefer SFH, but I bought a Townhouse because it seems like it is easier to maintain (HOA covers external, landscaping, and neighborhood amenities).

(systolic pressure rising so won't get into that)And many less experienced individual investors in SFRs don't do as well as others and "well" means what could you have done otherwise.

If you prefer to be close to the restaurants, bars and nightclubs, you might be better off in or closer to the town although Tulum isn't that big so you have access to everything from the beach area as well.

I think this will work because this 16 unit will function more like 40 units with 40 individual renters.

Everyone has different opinions on this and it really comes down to personal preference.

Is this because you had a PM with insurance for this kind of thing or was this a clause in your individual building insurance policy?

It's best to let the individual investors make a mistake and then they can swoop in and exercise their right.

As an investor, you'll need to wait until this period expires before your offer will be considered.Additionally, Freddie Mac may require proof of funds or a pre-approval letter with your offer, and they often prefer cash offers or conventional financing.

They are both good; personal preference.  

I am part of BGNF (what @Jeff Brown mentioned above) and the preferred return is there every month.