. $23K isn’t a huge amount of capital in today’s high-interest-rate market, but it’s definitely a starting point.

Have you talked to anyone at the bank about this yet (at least at a high level)?

The tourist high season has arrived, so we'll have plenty of demand to accommodate us.

You'll likely pay high premiums, face lots of claim denials due to "pre-existing conditions", and deal with service delays.

That’s kind of high to me and a lot out of the insurance claim money that wouldn’t go towards repairs. 

I had also been speaking with a different agent at another agency in Tulum (no affiliation) before I chose KASA, and they spoke highly of KASA when I brought them up. 

I look for a highly recommended mortgage broker and see what interest rates and mortgage products they have.  

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

📉Yes, expired listings (listings that expired out of the MLS), were still quite high this month which can affect this number, but....What about pending (under contract in the MLS) homes this month?

If you're considering investing out of state, I highly recommend Kansas City.