I realized that the best way to compare and contrast these properties is to calculate the ROI of each.

I'm opening my second home and find them extremely rewarding but think I may stop at these two because I am extremely involved in them and am spreading myself too thin I think. 

I was able to see this with a future depreciation table and compare against the non CS expectations.I'm not sure about recapture, presumably yes this is not ideal and probably exacerbates the current recapture issue. 

With this set up, we were able to get a DSCR loan through Kiavi with only a few extra steps compared to an LLC.  

Quote from @Thomas Schmidt: You could hold off on paying until he gives a detailed breakdown of costs and compare it with local rates.

Also, regarding the 15% you pay to Airbnb replaces the commission your guests used to have to pay to Airbnb so you should be able to charge it through your guests through your pricing.And, yes, operating short-term rentals in Mexico, while cheap compared to developed countries, is somewhat more expensive than in Colombia, Ecuador and the Dominican Republic because Mexico is more developed.

More risk = more reward.  

I compared a 2.5% and 5% property appreciation rate at 5-, 10-, 15- and 20-year intervals.

Unfortunately, when most investors think of the MLS, they assume it is only used for running comparable listings.

I do not desire to reward tenants for poor behavior.I explain the consequences of an eviction to the tenant.