I would love some honest feedback to see if I am way off asking over a million for this property. 3 years since we started, every year gets better and 2024 was the first year with all units opened. $185k revenue. $100k expenses.

I have not tried this, but I think this lead is better than a lecture on how you should pay down your debt.  

We have a website, SEO is better now and we’ve climbed much higher in the google search but struggling to get clients.

We'll have two private beach clubs (most developments in Tulum have none) and amenities at least as good if not better amenities than any other development in town. the great thing is that being close to the beach fits my lifestyle and vacation style so my goals are congruent.

So depending on what you want buying a business might be the better choice for you. 

Killeen is better for cash flow.

Many of them OOS, because the some of the locals know a little better.

Its a tough subject because logically, they are joint and several guarantys so rationally a 100% guaranty from each of two people (one 740 one 680 for example) is ALWAYS going to be better than just one 100% guaranty from someone at 740 (so it wouldn't make sense to have a better rate for the latter)The problem is that there is fraud and "straw borrowers" out there where someone who is not involved in the property signs on to boost score and terms - so many DSCR Lenders in response either do the "non-rational" thing and price to the lower to avoid the fraud or use the higher of the two (and either be a little loose with things or just stay vigilant on any funny business)

I usually try to work things out with people, saves a lot of attorney fees and makes for a better life.

Zoning, insurance and the Fire Marshall are areas of MTR where it is much better to ask permission than forgiveness.With that said, PadSplit should have someone who can guide you in what is allowed in the area if they serve it.