We lived there for a couple of years and were able to build over 150K in equity with the renovations we made.

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

Penny Penny, PLEASE take a moment to go to the Syndication FORUM here on Bigger Pockets and read the innumerable stories of investors who have had their distributions stop shortly after investing, lost principal, or now have their capital tied up for TWICE as long coupled with no distributions. 

I will be going down there in a couple of days, and interested in building/developing/investing, I am a licensed Mexican Architect, I have friends living there as realtors, US investors, and US builders ready to pull the trigger. 

It's been a couple of years since my last refinance (conventional loan of $200K, value is around $275-300K). 

I have been in touch with a couple US based ones that lend in region.  

Just before we launched our first couple MTRs we started reaching out, networking, and pitching our model to local companies.

Coupled with tailored marketing efforts, these enhancements attracted buyers and significantly increased the property’s profitability.

But I would add a couple of things. 

I was for a couple years.