You'd be surprised how often a deal can happen using this strategy but it is also important to run the numbers and make sure your COC return, etc are in line with your expectations.Probably the lowest risk is partnering because a seasoned investor will verify the deal (hence their participation) and likely take care of the initial money required.

As a disqualified person, it's important to me that it be 100% clear that I am merely the manager of the LLC and not the owner.  

It’s also important to remember that allowing partial payments without a plan can set a bad precedent, so it’s best to handle this firmly but professionally.For the future, collecting the first month’s rent in full before move-in can help avoid situations like this.

So to understand why I would do what I'd do if I was starting today, I think its important to understand what I did do. 

Therefore, the taste of your renters is more important than yours.As to the horror stories about Tulum, they're mainly about the supposed environmental destruction.

800 is not important, getting over 720 matters. 

Just make sure whomever you work with is halfway competent and communicates well, the latter is the most important.

Well, once I started the process of buying I was quickly introduced to the importance of title insurance.

Anyway, you mention you've "developed a strong foundation in market analysis, design, and project management", which are all important in the development space.My question, what areas do you feel you are lacking and are either trying to develop those skills yourself, or you'd prefer to bring someone onto your "team" that would provide that expertise? 

I think deciding on a market is a really important first step.