Not sure how they got that number, but it wouldn't surprise me if it were true.

The contractor says poor quality materials but that doesn't mean that was true.

The true benefits of real estate investing are realized when you hold.

I realize the true answer is "It depends" because each situation will differ based on the property, the location, the seller's situation, my situation, etc., which is why I ask about a standard/average deal.

Also with the population growing due to foreign plants opening shop there. competition can be very fierce & properties left for auction is minimal.

I would shop local to your STR.

By doing so, they are no longer acting as an investment club in my eyes, they are a true syndicator that is trying to thinly veil themselves as something else, in order to not have to follow SEC rules. 

Out property value jumped in the last few years and big companies such as Amazon are setting up shop here.

And I can't really talk shop with my inner group of friends (other than the macroeconomics of CRE).Are there outlets for these types of conversations? 

Fraud is a universal concern, so it's essential to conduct thorough due diligence and work with reliable legal and financial advisors.Regarding Bali, it's true that foreigners cannot own land freehold due to Indonesian law.