Start with a standard offer, and write a contingency into it for electricity, all the below ground utilities, and then work your way to zoning, permitting etc.

Hi Vincent, there is a significant difference in true Hard Money and rehab loans, rehab loans won’t be low doc by any means.Hard money should be fairly simple & quick to fund, it’s strictly equity based.How bad is the condition of the property?

Those "cash flowing" assets are likely to appreciate below the rate of inflation as well.

Also, the average occupancy rate in Tulum is far below 70% - 80%.

This is usually due to a credit score below the industry desirable score of 680 for a Commercial Loan.

In Oceanside, New non-hosted STRs are prohibited outside of the Coastal Zone as of February 10, 2024.Most HOA's do not allow rentals less than 30 days so that is likely not an option unless you find a couple of places on the water that allow it but usually tough to find below $1M. 

By year end I will tackle a MF, value add with my son that would be sweet if we can swing the coop/tic (handling the finance challenges is the hurdle) so he ends up with a unit at below 50% of retail.  

While I appreciate that & don't want to push them out, they are well below market rate & the unit is a disgusting mess, approaching hoarder status.

Make sure you do an OPRA request to check for open permits and confirm with the town whether the 2/1 below is legal and permitted.

I Offered it to them at 10% below market with him paying utilities. he wanted it, so I screened him to verify he can afford it.