Full construction costs I dont always get relayed to me by the developer, but we were significantly lower than even 1 million on the LS. 

I want to develop a system where I can handle the maintenance and repairs through my phone without being there in person.

Quote from @Prashanth Mahakali: Hello,Good luck with the first steps toward development.

Depending on where you are, you might have a different target renter than I do.I have a couple properties we are looking to develop on, I'll send you a PM

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.

The LLCs pay the PM company anywhere from 7-8% of the revenue and the PM company oversees the assets and employees my staff.

Build to rent (BTR) is being performed by various developers in various markets.  

A massive renovation in your first deal isn’t always the best option because you’re learning and building your team and developing connections.

Do you develop relationships first or do you put in the work on bring the deal first?

But like I said, I'm starting to see a lot of development in the worst neighborhoods in Baltimore, so either there's a lot of LIHTC funding to be had or something...