Analyze potential rental income versus expenses carefully to ensure the property will generate income from the start.

I can imagine a juicy well taken care of property would not be up for grabs from another landlord.

It's SO SO important to be careful of personal use with STRs!!

I told the manager I've managed a portfolio of short-term rentals and that my previous landlord allowed me to do it and loved that it created an incentive for me to take exceptional care of the property.

Talk to lenders, but to be honest who cares if it is over 800.I've had over 800 and over 750, lenders typically provide the same rate as long as it is over 740.

Look into factors like vacancy rates, local job growth, and tenant demand to pinpoint promising markets.Once you find a property, work on running the numbers carefully—factor in purchase price, rehab costs (if applicable), property management fees, and reserves.

Be careful and please do your due diligence before investing with any HML!

@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 

Anyone who is crazy high or crazy low compared to the others needs to be looked at carefully. 

It just depends on your goals.You also have to be careful with posts like these, this is where all the real estate agents come in and tell you that their market is best so that they can get your business.If your goal is appreciation, I would focus on higher price point markets.