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.

Quote from @Jonathan Greene: 1.

Quote from @Mel-Drick Green: Looking to start a buy and hold portfolio of single family rentals in the Fort Worth, TX area (Saginaw/Benbrook/Burleson/Crowley).

I've signed with a contractor (Modern Green Construction) to develop the ADU, I was referred to them by working with Realm Home. 

I gave him the green light.

@devin @Devin Peterson They are spread out bewtween two counties in Craighead and Greene county in Arkansas.

Gave it to the guy in the Green truck he said he was the new owner .borrowerproject ran over budget.