There are variables that can have terminal rates lower than initial rates, supply and demand as well as interest rates are a few.

Depends on whether you can qualify by supplying docs like W2s, paystubs, etc. and if you want to close in your name or an LLC.

The VAs will handle guest communications, coordinating cleaners and handyman calls, calendar management, ordering supplies, claims and resolutions, admin tasks etc. ”Unlimited” hours. 

Anyway given the huge amount of supply coming up in the area, you can’t afford a bad location or « bad » property if you want to get rented on a sustainable basis in my humble opinion.I would only get something like that if I wanted to use the property for myself only and want to be on the middle of nowhere.Hope this helps and sorry if I involuntarily poop the party but, at the risk of repeating myself from previous posts you can’t expect to buy by anything in Tulum and make or not lose money.

If I could buy and hold a Courtyard District Historical Apartment Building right there on the north side of Fountain right before one spills over down La Cienega into WeHo it would be heaven for me.Also, you can get a lot of location use out of your exteriors because you would have both the "Old Hollywood" and "Hip Youngster Who Found a Cool Historical Place to Live" looks for film and TV.

You're right, lots of depressed rental rates right now and I see cranes everywhere so that supply will likely hit in the next 12-18 months.

You also might make some useful connections for buying supplies from HfH's ReStore in the future.I don't have any DIY projects at the moment, but I'll keep you in mind if a good learning opportunity for you comes along.

You could place this under the TV instead of a dresser if space is limited.

Supply your lender or broker with a track record of your deal experience and scope of work to get the most accurate quotes!

It's usually very market driven though.In the market where supply outpaces the demand, be extremely careful to large player as the risk is super high.