Somebody somewhere had to pay for that real estate at some point and has continued to pay for it since.

Kicker is I don't have to sell, I would simply be happy with not renting anymore and continuing to build equity.2-Correct purchase and renovate a 3-5 unit building.

Quote from @Fernando Corona: @Erik Estrada I actually wrote a blog on the topic and will continue to write about it.

I think the OP is talking about property tax not income tax ??

I'm looking in miami florida for sites where we could get the numbers to work and we are getting close maybe in homestead. with that you could continue to pull cash out after it was built. in our market we need about .1 acres and we get land under 60k that the investors buy. the build cost is about 75% of appraised value or a little less. the investor refinances out on a DSCR loan and continues on. this strategy is ground up and it takes advantage of the buyers market for land in our market.

I like this strategy and plan to continue. 

Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.

And you can quite literally walk there from the U.S. side if you didn't forget your passport at home :) Of course, I don't know how much (if at all) this could affect a hospitality business, so I would continue trying to find someone who actually operates an STR here to find out more.  

He knows what he is talking about and he is spot on.  

We have a member round table discussion on Fridays at 9 am cst.And we have a calendar of events with events from area landlord groups and member meetups.While we are still on zoom we do try to find ways to still be able to connect and talk with each other so our events are not all just another webinar with people talking at you.Hope to connect.