Plus if you do not have a well established team to get your project finished up before the end of the summer selling season, you may not get the return you were expecting as holding costs and declining values are eating profits.Option 2 sounds like a safer bet, but yes you will have to cover some expenses and may have to carry the property with your own cash until rent prices appreciate enough over the years to cover your mortgage payments. 

The equities side is actually a hedge; you're really 67%-80% betting on debt. 

And I agree with that statement. your second comment on Collusion is not cool and is illegal.. that's all I was pointing out.. you never stated you did this personally and you would be foolish to do so on the internet :).And there are TON of beginners here on BP they read your post the next thing you know there down at the sale trying to collude thinking its easy money ..

Santa Cruz, Monterrey.But I bet HOA Condo that would allow Airbnb would be zero.

Your best bet is to borrower the downpayment (although, if your property doesn't debt service, you won't cash flow)

Rentometer as @Tommy Katzenellenbogen said would be another fantastic bet. 

If the rent of that 2 bedroom was $1600, that person would expect to pay $800 rent and maybe another $250 for electric, water, heat, internet for a total of $1050 all included.

I always tell them: I teach you to be the founder and person in charge who pays those you hire to provide what they promised at high quality with minimal effort.You can be that founder anywhere in the world that has an internet connection and when Starlink is fully build out, literally anywhere in the world.Happy to tell you in a chat how I do that

I’m betting someone who rents out 1950’s homes in the Midwest would use a percent higher than 0%. 

If you're going down to the studs in the bathroom already, tearing out the window trim/stool/apron is probably the best bet.