Hopefully that would be the case because a lot of syndications are not doing well due to the high interest rate environment.

After the banking failures early last year and the current razor's edge of the banking environment, you had better believe that regulators and banks are hyper sensitive to any potentially bad assets.

I think it would be a good experience for me to get landlord experience in a mostly controlled environment aka I live there. 

You pay off the 135k loan and take back your 14k plus closing and holding costs - 20k and you are left with about 6k that is cash in your pocket.So now you are +6k, and you have a renter in there paying your mortgage and putting a couple hundred per month in your pocket and you used 0 of the 150k to do it, or I should say you left 0 in the project.You wanna create a funnel, an environment where you can get 3x - 5x of these done every year, and if you holding look for the 2 - 4s buildings. 

,If you’re constrained by equity, it's going to be tough to find deals that pencil out in this environment.

This is all indicative of a low interest rate environment. 

The environment problems seem to be much worse in Tulum.

i agree with you on the tough environment there for purchasing / house hacking but I wouldn't give up on that regardless of what else you look into. house hacking = owning real estatewildly successful arbitrage = not owning any real estatecan you look in Frederick MD or Fredericksburg or Ashburn or an exurb? 

They are all very different environments. 

If you've got those things you have a good environment for mold.