The Mexican governments have been very savvy when it comes to bring tourists in the country and they understand that this would be a very bad decisions, since more and more visitors prefer short-term rentals. 

I imagine a lot of people come to visit or do shorter term work in the area.

I think it is better to use the "come screaming in the office" approach for most people. 

Also, double check your policy to determine if damage caused by a tenant or invited visitor will be covered.

Generally, I see tourists avoiding hotels, but cities want visitors.

To me it screams Newbie fresh out of a guru seminar.

You and your acct. need to run the calcs but a fed tax bill on this of $30K - $35K is not out of the question.I'm totally with you on the desire to pay off primary (I can hear the anguished screams of the "must use all equity" clan right now).  

I only buy screaming bargains, keep them up, try to get good tenants and keep rates below market so good tenants don't ever want to leave.  

We understand it will take a fair amount of work and require a hospitable effort to ensure happy renters and repeat visitors. 

He doesnt seem to have a firm handle of things at times, and today one of the contractors (there are 2 different ones on site at the moment) heard him screaming outside that he was going to burn the place down.