The first floor features a two-bedroom apartment complete with a living room and a bathroom.

Shoot, that is correct, completely forgot that could take longer and in my opinion i though that 90 days was ok, but you right from the time we can do showings and people get their paperwork/money together we could be talking about 60-90more days, thanks for bringing it up Bob..

I added value to the deal by completing mid-level renovations that enhanced the property’s functionality and appeal, making it a desirable rental option in the area.

It can take a year or more to complete an ADU.

Once work is completed, it will be paid out of escrow (with the sellers money).

Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.

I suggest going the extra mile by providing access to these services yourself, and you could even advertise features like $5 movie rentals on Prime Video to create additional value for your guests.Hope that helps, and good luck with your investment in Cancun!

This property can be refinanced at any time you feel is right after the 1031 exchange is complete to buy other property or access funds for any reason.  

You will need two years of your 1099 documented income to qualify for a loan as a 1099 employee, both years of taxes complete for them to formally pre-approve you most likely.You need to bank as much money as possible.

I know the founder and I know the company has been very intentional about taking the best features of both and expanding on them while leaving the problems (Airbnb) and wonkiness (FF) behind.