The 1031 will let you get there using the tax dollars for your benefit rather than paying them to the government - a big bump to your net return.

From talking to locals, there's a couple of issues than need to be addressed, some are the non-ecological practices that some of those developers have, unfortunately, our government profits from this investors and allows them to destroy manglers (which are the natural water purifying system of that area) dismantling hectares of mangroves and degraded the habitat of resident and migratory species burying animals alive.There's proof of fecal material floating beneath the city of Tulum, only 20% of the water is sent to the water treatment plant, there's no infrastructure for the exponential growth.The landfills in the middle of the jungle that is leaking hazardous pollutants into the freshwater system and that something that developers won't tell you.I love my country and it would be a disaster for everybody if this place ends up like some other great beaches around the world, that are completely ruined by greedy investors not following the rules.There's no urban or comprehensive master plan, and one of the risks is that Tulum will be like Playa del Carmen is today, overgrown and with environmental devastation.I will advise doing a lot of research before getting something in Tulum, different country, different rules, and practices.

This specialized skill is rare—after working with many property managers in Las Vegas over the years, I found only two I would trust to place tenants in my properties.Contracts and processes must comply with all city, state, and federal regulations.

It just seemed like a good strategy since these were government backed rental payments

Hence the scariest word's in the English language; "I'm from the Government, and I'm here to help".... 

I only sold a few amount of properties but the values of the homes have increased.The government is making less affordable homes(Impacts supply)A lot of the points you suggested such as selling costs and having to rehab the property before sale apply to both cheap homes and expensive homes

Installments will be due on the fifteenth (15"h) of every month; unless the fifteenth (15"h) should fall on a Sunday or federal holiday, in which case the payment will be due on the next business day.

If I do this, will IRS (or any other government entity) start looking at me and wondering what's going on?

You pay federal taxes , how about local taxes ?

SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.