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

The cashflow should cove ALL of the expenses for the primary (mortgage, taxes, insurance, utilities, etc) AND put money in their pocket.

Can you share the ARV and average rents for the property, along with the zip code of the property and the number of bedrooms?

However, as curiosity prodded, I looked into the degree that it is prohibitively expensive to consider just filing as a security anyway, irrespective of the pros and cons.Basically, I searched for "what are the costs for registering a security with the SEC" as well as "what are the costs for registering a syndication as a security with the SEC"Most the results produced explained something to the extent that the fee was about 150 bucks per million offered, without any other information on what would validate the explanation that filing a syndication as a security is prohibitively expensive.

But, ON AVERAGE those properties appreciate about $325-$400k per year.

Certainly not the more expensive and exclusive neighborhoods.  

@Jorge Caceres  too bad that can be expensive.

AirDNA shows it on the rise in terms of annual revenue, occupancy rate, average daily rate and revpar, with about 3,000 total listings.

The average company only survives for ten years, while even large companies typically last just 18 years.

The purchase cost is on average $350k - $450k.