Sure houseing prices have slowed or maybe decreased some, but overall cost of ownership probably up with the higher interest rates.Has it had an effect on hotel rates/airline tickets?   

I have funding lined up for at least 80% LTC of the project but I want to raise an equity ticket.

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If you use a software designed for long term rentals, you'll have less of those type of features, but you may get features that help with getting a lease signed, maintenance ticket tracking, and the like.

Big ticket items or "outdated grandmas" house from 1958 and mostly cosmetic? 

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Those that will be successful can be successful without spending big $ and those that spend the $ look at it more as a lottery ticket unfortunately.

I've got the dates blocked and my airline ticket purchased! 

.$750 rent * .95 vacancy * .98 leasing * .9 property management = $628 gross rent$75 taxes (will vary by city)$50 insurance (will vary by city)$50 trash/water (will vary by city)$175 cap/ex wear/tear w/ averaging out bigger ticket items dividing their cost by life span.

When it comes to supply, you want to avoid oversupply, as it's the best one-way ticket to losing (a lot of) money.I'd avoid Tulum with a 10-foot pole as it's already hugely overbuilt and it's going to get much worse in the coming years.