Investing close to where you live and a place where you would want to live has advantages like being able to check on your property and meet with your team.

Property PerformanceOccupancy Rates: Use AirDNA to check occupancy rates for similar properties in the area.

Definitely check into the terms and restrictions of the specialty loan.

Check Mexico's tourism statistics.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Check on ownership status before you get into escrow.Get multiple inspections to be able to really determine the extent of repairs.Try to align yourself with the best contractors, had good referrals, but somehow nobody stood behind their warranties.Have a good lawyer and local accounting firm.Talk to locals to see how things are done and what's happening around you.Have patience!

A good way to find deals is by connecting with local real estate agents, wholesalers, or checking out sites like Facebook groups and Craigslist.

So translate this into a language that is easier to process.You made a mistake and turned left.In order to FIX your mistake they are telling you to... check this out....

A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.

You do not need a license (like a brokers license) to manage your own properties.However, check your town to make sure you don't need a business license.In Tacoma, WA, as an example, even if you have a property manager, the owners themselves also need to have a Tacoma business license.If you hire a property manager, they will need a brokers license to manage other people's properties.Good luck!