This ROI is calculated as the net return from short-term rentals divided by the sum of purchase price, closing costs, and renovation costs.The largest yearly expense is attributed to mortgage repayments (53.4%), followed by turnover fees (11.8%) and utilities (7.21%).Below, you will find a chart showing how the seasonality of vacation rentals impacts gross revenue throughout the year:This chart provides insights into the relative strength of each season.

Nobody can comment on what's equitable without knowing each partner's strengths & weaknesses and the specifics of the property being purchased but here's what I picked up on immediately: Why not form an LLC and have a partnership agreement? 

There are multiple different ways to do this and will depend on your strengths / connections. 

Find the strength to say not to unnecessary expense to yourself, friends, significant other for a few years to start building your wealth.

Increase your income, reduce your expenses, save like a madman, educate yourself, and invest from a position of strength.1.

There's immense value and strength in that, and that's what gets you through these times.

A small number use the hot press process that is distinctly superior in my opinion in overall strength in dimensional structure and durability.Your chart does note finish which is an excellent point as it's the finish and not the wearlayer that gives a product it's scratch resistance( AO and Ceramic Bead being one of the best but it also depends on how many coats are put on which many makers do not detail).

A trusted advisor starts by understanding the clients' goals, their financial strength, and defining the focus. 

Low margins, low returns, Also depends on your teams and property strengths.  

Mike's perspective as an experienced investor in Mexico holds significant value.As an investor in Tulum, it's crucial to conduct a comprehensive SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to gain a holistic understanding.