I invest there and have a full team on-the-ground.

Anyone can buy a stable senior income fund like FLBL with the click of a mouse and no liquidity or complexity issues. 

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

The strange this is I happened to follow up on the delivery date that day prior and they responded to expect it still. 

Quote from @Michael Elliott: Have been analyzing data in STR Insights following a great week at the STR Wealth Conference in Nashville. 

After researching the basics, I am looking forward to understanding the realistic steps in concluding a first deal.

Learning from agents commonly working with investors is your next opportunity to find a mentor.To be honest, I wouldn't try to find a mentor from random investors on the internet.

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

Before making any decision, I would get a customized property evaluation by a local Realtor to determine the value of the property on both sides of the spectrum; sale OR rental. 

I do a lot of private lending and we do make some passive interest, but the good fixing flippers make the bulk of the money.