The deals there I have seen maybe net 2% terrible Miami's volatility will be high, just cause that's the nature of some markets.

Then they are changing the nature of investment by investing in sometime called Mission 10k. 

SBA loans can also be used to acquire laundromats, but it can be tough for a few reasons, some of which apply to smaller size businesses in general.1) Cash nature of the business - This is changing over time as more mats are gaining card systems, but there are still mats out there that only take cash.

But that is also in the very nature of real estate, it is long-term.

And better yet 80%+ of this asset class tenants are home owners by nature, divorcee's in process, there living standards are home-owner conditioned. 

My due diligence process was certainly tightened up after that deal and analyzing properties and understanding what things will cost is now 2nd nature to me. 

From talking to locals, there's a couple of issues than need to be addressed, some are the non-ecological practices that some of those developers have, unfortunately, our government profits from this investors and allows them to destroy manglers (which are the natural water purifying system of that area) dismantling hectares of mangroves and degraded the habitat of resident and migratory species burying animals alive.There's proof of fecal material floating beneath the city of Tulum, only 20% of the water is sent to the water treatment plant, there's no infrastructure for the exponential growth.The landfills in the middle of the jungle that is leaking hazardous pollutants into the freshwater system and that something that developers won't tell you.I love my country and it would be a disaster for everybody if this place ends up like some other great beaches around the world, that are completely ruined by greedy investors not following the rules.There's no urban or comprehensive master plan, and one of the risks is that Tulum will be like Playa del Carmen is today, overgrown and with environmental devastation.I will advise doing a lot of research before getting something in Tulum, different country, different rules, and practices.

I have not had that happen, but natural gas is a lot more reliable than power. 

I have a similar perspective, as I am right on your heels with the same decision, so I'm naturally inspired. 

The market can be tricky with its block-by-block nature, but it's been a great fit for all-cash purchases like yours.I also have a team on the ground in Detroit that helps manage everything from finding deals to overseeing rehabs, which is crucial for out-of-state investors.