Still very good.The buildings in Costa del Este will have hotel permits when (and if) they are finished, they are under construction but yes, the high price I do not think justifies the purchase.The other thing is I wouldn´t buy except that you come across a rent to buy deal which are more common everyday. 

Almost never the MLS.This sounds like a common story of out-of-state investors buying up class C with local third party management. 

Quote from @Deborah Lee: Software is a common question on BiggerPockets.

Is this method a commonly used method by investors?

For those price points around the 2% is common.

It is a common theme in the area and less competition is making it harder to keep prices down, but I'll definitely be shopping around. 

Obviously HOA fees are usually pretty outrageous when compared to properties where there is no HOA or it's a typical SFR neighborhood with typical HOA dues for things like cutting the grass in common areas, or servicing the neighborhood pool. 

What virtually all these people have in common is they know less than $hit about RE.  

Networking with other investors and seeking advice from financial advisors can provide valuable insights and help you avoid common pitfalls.Keep an eye on your financial health by maintaining an emergency fund and avoiding over-leveraging.

It certainly means things aren't going to plan - but that is very common in MF syndications these days.