This way, you gain real-world experience without having to shoulder all the financial risks alone.Learn MoreIf you’re interested in learning more about our program and seeing some of the deals we’ve done with our partners, you can visit my BiggerPockets profile.

The fact that you’re budgeting for vacancies, property management, and cap ex shows you’re thinking ahead.

Any market can work, you should consider a market that you have some 'competitive advantage' compared to others.Think of an area that you grew up in, went to school, visit friends / family, visit often, best of luck.Also, do you have any experience in rentals / short-term rentals.Air-bnb's hosts have become 'commercialized'.You will not out-perform a host who has years of experience, does this 24/7 and has a team of support.Best of luck.

If the tenant reports to the city that the space isn't properly vented/heated/cooled or the right color (just joking on that one) you will probably end up with a visit from an inspector.Thank you for the helpful reply!

You're definitely ahead of the curve of most folks that are investing for the "first" time since you've already gotten your feet wet in Mexico City. 

Personally, I've been investing more than 50 years and never looked at the demographics for a neighborhood one time because I always felt that you need more personal knowledge about the neighborhood e.g. whether it is blue-collar working people, whether it infested with gangbangers, what the ability to increase rents is, etc. and the only way to get a good feeling and understanding is to personally visit the neighborhoods in the daytime, evenings and on weekends because weekends and nighttime is when the bad people come out like cockroaches.

So I'm leary of getting into another contract and being left with a ghetto laundry room in a couple years.Those machines I sent link to from Home Depot are around $1200/each so was curious if you come out ahead to buy them and just have an appliance repair out when they break??

Our guests are mostly visiting because of those two things, and generally for 1 to 3 nights, but we do get the occasional longer stay. 

Your satisfaction and success are our top priorities, and I want to ensure that any concerns are addressed promptly and effectively.Learn MoreTo get a better sense of what we offer and see some of the successful deals we've done with our partners, feel free to visit my BiggerPockets profile.Again, I'm sorry for your experience, and I appreciate you bringing this to my attention.

It's good that you're valuing relationships and choosing an asset class this early, that's a step ahead the curve already.