There is also termite presence potentially since treatment was done and other issues that I am thinking will be around 8-10k. 

Large SM presence that is positive.

- vandalism- unstable economy - and many other problems of an impoverished countryI'm sure once you have a good team (broker, agent, lawyer, insurance broker, contractor, prop.mgr) that you can trust, it's all doable, but building that might take time and money and physical presence.

It is not difficult to debug the future from their investments using their own website.most STR/LTR syndication that had strong presence should be :- working in local niche market only- has five to ten years experience- had open book / track record mentality- the audited financial statement should be available to understand the business.STR market itself is very risky investment in my opinion, now you add fund/syndication then you have double big problem.one out of five hotel syndication is going for bankruptcy in the last two years , and we expect STR to survive ?

Look for reviews, recent closings, social media presence, and responsiveness.

Quote from @Josh Green: I personally am buying and helping clients buy in the Tampa Bay Area for a few reasons:Here, you have a historically strong and consistent tourism presence, limited land/STR allowable areas, highly liquid property compared to selling a cabin in the woods, all 9 classes of visitors in the STR sector, and appreciation.

That said: I stay away from townhomes due to the presence of HOAs; they can make decisions you are not party to which can materially effect your cash flow.

I'm a wholesaler new to Las Cruces and learning more about the city everyday.The military and college student presence in Las Cruces is strong.There is a ton of small multifamily properties (for the size of the city)I'm very optimistic about this market.

@Wayne Brooks this is a very old one.. there was a guy in 'Colorado who had a huge internet presence and had the same deal... he got indicted and put out of business maybe someone will recall his name... when he was going big.. you would see 5 to 10 craigs list ads all saying the same thing we buy notes.. then you talk to the individual and they knew nothing about the business and read from a script..

Developer/builders will continue to wisely throttle production and, will continue to "own" to net unit available market in market share presence now held at about 2X "norm" market share.