This is why I have stopped giving advice for these kinds of posts.Newbie - I just attended a seminar and if I buy 10 $50,000 crapboxes in D neighborhoods in the Midwest, they will cashflow $1,000 each and I can retire by the end of the year.Me - A $50,000 crapbox in a D neighborhood isn’t going to cashflow $1,000 a month.Newbie - just because you can’t do it!!!

Purchasing at a value price and adding strategic renovations created significant equity growth.

Both software pair well together if you skip trace contacts in Smarter Contact.We like that they're constantly adding new features.

When the lease comes up for renewal, consider adding a cleaning service option, with costs passed on to them if it’s needed.

When I added all this up, it was going to cost $150k in a neighborhood where sales comps trade for $100k per unit.  

Keeping this as a rental would not cover the mortgage (we'd have to pay ~1500 a month including utilities) and we can afford the extra payment, but is it worth it when looking at appreciation?

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!

The goal here is to reduce liability.Consult an Attorney for Liability Options: An attorney could advise on setting up an umbrella insurance policy to add an extra layer of liability protection.

I know the addage if you treat it like a hobby it will pay you like a hobby but if I have some extra cash maybe it's better spent on a 2nd home with the potential for income vs. just using that money in my primary home. 

However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.All the more reason every investor should obtain qualified legal consultation before investing directly into notes  Don I should have added the reason these folks were paying on the second and not the first is the payment was much smaller..