But, I have used this strategy numerous times when time was much more important than money to a seller.

I finally got ahold of the city today and they said the permitting timeline can be as fast as 3 weeks to 3 months, and is up to the owner's application and readiness. 

I've seen numerous QI's fail during my 40 years in the business, and most of the failures would have been prevented had their been government oversight. 

Just always be consistent with everyone you speak to and every applicant!

It's a simple way to gauge the condition of the building's main sewer line.Unfortunately fraudulent rental applications are more common than one would think so good on you for catching that.

I’m an independent and licensed real estate broker in Tulum, and after analyzing the performance of numerous properties, I can confirm what Mike is saying.

An appraiser likely won't be able to value a 1-4 unit property based off STR rents (whether projected or actually incurred), and if they are, the lender won't lend off said valuation for their applicable value (value they're lending off of). 

For your due diligence, you can also ask to see the tenant's original application and screening reports. 

In a few of the states there is either a form. you must sign or an application that your escrow closer must file in order to exempt from any state taxes or withholdings that might normally be collected at sale . 

The only issue is with a bit lower rent there's a higher number of applicants that won't qualify but I don't mind the volume to get it filled.