Renovated with cosmetic updates for immediate rental income, it offers strong cash flow while preparing for more extensive repairs and the addition of an ADU.

Additionally, offer 20% off to the first few guests.

In addition, several items can be done simultaneously (I highly recommend this to save time as time is your enemy) such as doing the exterior siding or stucco at the same time interior rough electrical and plumbing is going on.Foundation is always first and rough framing follows that (which includes windows and exterior doors).

The minimum time that lenders like to see you living in a primary residence is at least 12 months (although there are exceptions to this rule on the grounds of “life altering events”). 

So those could meet your needs without you having to do any of the management or additional expenses for repairs.

As you might imagine, there is some additional context to my situation and if anything would love to learn about some of the challenges you have faced and the reason why you chose to invest in Mexico and went in that direction.

Here there is a 25 GPG hardness and .2-.8PPM (not sure specifically what my rental has), which leads to buildup and rust, in addition, there has been a history of too high magnesium which caused an advisory from the city itself about potentially unsafe levels of magnesium. 

The addition of a private balcony and standout interior design further elevated its appeal to both short-term and long-term tenants.

In addition, if you are buying in a remote market its appropriate to budget another 10% for property management.

You might also consider forming an LLC to manage the property-related business activities while holding the property in your name to stay within your lender’s requirements.Explore safer rental strategies: If you’re open to short-term rentals, Airbnb’s Host Guarantee provides additional liability coverage, which may offer peace of mind while keeping the property in your name.