If you buy pre-existing, you'll still be looking at 400k or above.  

The process is very involved as you'll have to navigate pre-construction activities that involve architectural plans and approval from the city and then the construction activities (Shovel to soil) take anywhere from 5-9 months depending on how much your building. 

A solid pre-screening of the contractor upfront that spells out the expectations should somewhat reduce or eliminate the question of one side bailing out on the other.

A few months ago I recall seeing a new email about Airbnb partnering with apartments in select cities where the apartments and city already pre-approved the ability to short term rent.

Pre-trial in 9/9 and docket sounding will be October 14th.This trial is going to be very interesting as around 30% of the debt relates to work performed on personal property, so it could prove the corporate veil has been pierced.

Pre-approval for loans is essential, as is learning landlord-tenant laws to manage effectively.

I’m losing hope of this settling out pre-litigation.

not a major part but it was pre 08.. probably 10% of the deals we did.

That's a Pre-Qualification. 

Many people did that during the pandemic and most buyers in Tulum buy pre-construction.