--I personally know of 6 people who lost their money on pre-construction, and one project that was built over a cenote and sunk. 

@Edgar DeLeonThere are some growing pains and risks like any investment of course, however, I see Tulum real estate as a secure diversification investment option with reasonable cashflow and an incredible lifestyle, amazing architecture, wellness retreats, parties and nightlife, amazing beaches & cenotes.

My current CPA says the expenses are probably deductible because I have a history of real estate ownership and the membership acts as CE, not entering a new profession.