After reading some development plans, it looks like it may be up and coming, especially because of the huge luxury rental development that was recently put up.  

These include access to easier and better financing opportunities, the ability to quickly grow one's rental property portfolio, and the luxury of hiring a property manager.All the best!

I personally know people who bought brand new, multi-million dollar, beautiful luxury homes, only to have serious foundation settling over the first 5-10 years of ownership (and the repair bill was in the hundreds of thousands!).

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $1,600,000

Cash invested: $550,000

My personal residence. I rent the basement and the DADU in the back for a...

I think he's an upstanding guy, just trying to figure out how to make his new turnkey business work after too much publicity, too fast.Like I said, I generally don't like the idea of buying these ultra-low value homes.  

A couple words of caution, as Mike said, even if we frequent travelers to Mexico go for a condo or Airbnb type property, we want luxury.

In other words, should I put in the 6-8% in order to be ultra-conservative?

I've seen some cool pictures, but then look at the prices and for $500/night I can stay in a very nice luxury hotel with all the services, instant fixes if anything broken/malfunctions, 24 hour room service, valet parking, luggage assistance and all the other nice things that come with a hotel stay.   

Take a year and 1- listen to a BP Show per day, 2-cut your living expenses as much as you can believe it or not you can find $1,500/month by reducing rent & car & cutting luxury expanses and in a year you will have $18,000 - this will suck but it’s an investment!!

One day, having a second passport might not be a luxury.