@Michael Izbotsky In community property states like California, assets acquired during marriage are typically owned equally by both spouses, which may complicate transferring jointly owned property into your sole-member LLC.

Typically $2m+ homes don't cashflow due to high taxes, high insurance rates, and low rental demand. 

It is typical for them to be bad.

@Loan NguyenRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

You typically don't want to split up construction and engineering services/planning here, but we did this to let us see how well we work with the firm.It's probable, if we work well together, they will also be our GC.

Typically you end up putting in a new meter socket, new panels and the new service. 

Does the 60% the condo-hotel takes include the HOA fees or utilities or replacement of furniture/repairs to the unit like plumbing or stuff like towels and sheets etc?

We have already finished speculative designs for a typical quarter hectare (2500m2) 12-17 unit boutique holiday and residential apartment complex on the south side of Tulum on the Kukulkan Road connecting the town to the beaches.

With $50k, you might be able to get started using an FHA loan, which typically requires a lower down payment, as long as you’re planning to occupy the property.

I typically wouldn't look at new builds but it seems to be very reasonably priced.