If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.You may not be able to get close to the 1% rule though.Goodluck

The students have been allowed to live all over the west side of the city, and student rents stayed pretty steady (though they have increased every year that I've been doing leasing). 

There is what they call a stay on the property in residential cases for at least 30 days.

Budget wise I would like to stay below $220,000 for the house. 

@MikeLambert thanks for all the insight on Tulum I love the town and would like to purchase A condo For myself don’t care if it doesn’t make much money  but obviously would like a great location I am a dual citizen and want own property in MexicoI probably won’t stay there much if at all I just love to buy real estate one of my addictions 😂Searched online There are so many developments from $100k - $200k would be my comfort level if any of you guys have recommendations on location would appreciate it 

Ultimately, it depends on how quickly you want to act and your comfort with leverage.

A lender should not be guilting you into staying with them. 

@Jeff Hineswhatever you end up doing i'd stay local. i know the markets you mentioned look tempting, but they have their own challenges - for example, the midwest housing stock is very old and often has severe deferred maintenance. 

Thanks for the replies - going to try a different number first, then I'll be at my property this afternoon to work on my empty unit so I can try knocking on the door myself.locally we have a 5 day notice for non-payment as well, I'm definitely trying to stay ahead of the curve on my local regulations, great call-out!.

There are always people entering the market and leaving the market all the while the many investors that do this for a living will stay and grab deals.