I look at this and ok you overpay and are paying down $7200/year in principal You take 3 years to break even but it’s really 6 years because of selling costs on a property.I would not assume appreciation in homes with reports showing average pay increase of 3% and average prices increasing 5% (new York fed latest q1 release) and debts are at all time highs.Original poster better not get into a cash crunch as if they do they will be in bankruptcy in a New York minute.

I travel every month to Los Angeles, New York, miami, and other capital markets looking for guys like you. would love to chat further 

Suggesting that owning property in Puerto Aventuras is better than buying in Playa and Tulum because some areas in the latter cities is akin to saying it's better to own property in a little town in Upstate New York than in New York City because there are crime problems in some areas of New York City.

We're in North York, Ontario but looking to move to and/or invest in NS after recently spending a month there. 

Is it true that some states like New York are trying to dramatically increase the property tax for out-of-state investors in order to squeeze them out of the market?

I don’t have kids, but I grew up at least in retrospect pretty well off as did both my parents, I am one of the least entitled people I know as are both my parents, that’s attributable to a few things imo, one is just pure personality, I know some people that grew up dirt poor and are extremely entitled and other people that are crazy rich and you’d never know, some of that is just random luck, but I think another key is while we’ve always have had the security that comes with being pretty well off, we’ve going back generations lived below your means, my mom grew up in westchester county New York which is a crazy rich place, my grandmother intentionally moved my mom to a frankly pretty mixed income school district so she didn’t become spoiled, I grew up until I was 13 in a very middle class neighborhood, went to middle class schools, hell my mom up until literally this week drove a 13 year old ford explorer with 155k miles.

You think New York City real estate prices have any bearing on the prices in Smalltown, New Mexico?

Live in NYCAny upstate towns where I can invest for a good price?

I am from New York but I started to fix&flip out of state. 

I was thinking about this strategy to adopt in New York.