Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties" by David Greene: While focused on long-distance investing, this book offers valuable insights into property management, tenant screening, and other aspects of real estate investing that are relevant to house hacking."

I am in Bowling Green, KY.

Quote from @Jonathan Greene: HELOC is closer to cash when you are buying since there is no appraisal and you can use the funds as you wish.

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

Quote from @Griffin Malcolm: David Greene says house hack every year and if you have funds left over buy investment properties.

I would check out David Greene's book BRRRR.

These markets are revolving doors with properties being resold every 2-3 years to new green investors looking for cash flow, who don't realize what it costs to maintain a property or that their budget of $50/month for maintenance, repairs and capex is not nearly enough ($300-500 is more like it, that's why rents under $1,500/door typically have no margin for error).

.), the new Formula 1 race track, the Green School, and all the projects planned for Quintana Roo, I see that it will take time for that balance to shift, and strong demand for Tulum will continue.

In the end it was worth it I think because about 65% of the reservations converted to signed PSAs once we had the green light from the state. 

Here are some steps to get started:Market Research: Identify areas with strong growth potential, low vacancy rates, and high rental demand.Financial Analysis: Evaluate the cost of construction, potential returns, and your financing options.Legal Considerations: Understand the zoning laws, building codes, and permits required for new construction in your chosen area.Sustainability: Consider incorporating green building practices to increase the property's appeal and long-term value.The Bottom LineWarren Buffett's investment in new construction underscores a broader trend in seeking alternative avenues for growth and diversification.