I have around 20-30k that I can let go of semi-comfortably and that can be enough in the small market.

It's very unique and I think would be attractive to guests looking for a comfortable get away in the mountains. 

If your parents do not have experience and you are eager to learn, you should come up with a strategy with your parents so that you can start managing the existing portfolio and finding a way to grow it.First and foremost I would maximize the property as much as possible now.How well is it maintained - any deferred maintenance? 

Just off the top of my head, I wouldn't feel super comfortable with non-US properties because properties in the US are held to HUD code (at a minimum).

Prioritizes maximizing cash flow, potentially with higher risk or management intensity.Remember, cash flow isn't the only factor!

Now to provide extra comfort and convenience to our buyers (who are mostly out of state) we agree to help them out by getting them set up with local property management that we work with closely as well as assisting management market the property for rent to place tenants.

If you and your wife are on the same page, I say absolutely go for it.Don't worry about the naysayers telling you to invest out of state if that's not something you're comfortable with right now.

If you are up for it, you could consider renting out the bedrooms in your own unit for maximal rents. 

Achieving a 15% yearly ROI in Tulum’s real estate market is exceptionally rare.When clients approach me wanting to invest in Tulum solely for high returns, I advise them to reconsider—unless they’re comfortable with a more realistic 5% return.

When they eventually move out, I plan to do a full renovation to bring the unit up to high-quality standards and maximize its rental potential.I’m happy to connect if you ever want to chat.