Most of the tourists in Tulum are millennials & generation X, not as many baby boomers, I own property without an elevator in Tulum so I know...

And when people get tunnel vision for lowest $ down, they tend to not give attention to the revenue generation of it, the operations, and that's a VERY dangerous combination of high leverage and not so-good revenue. 

Since the interest rate is already high, adding to it won’t drastically change your overall costs and will free up the liquidity you need for the new investment without affecting the low-rate financing on your multifamily property.Using the hard money loan to close on the new property could work well, especially if the property generates the $6,000/month you expect.

Even then, you would need to make an investment that would generate enough depreciation to offset that income.

His goal is for members to generate a retirement starting in 5 yr's or sooner.

Ideally, I would love to buy a multi-family property and rent it out, I would consider house hacking but I mainly want to my first property to be one that I can improve on and have it generate income for me.

If you want to generate revenue, you have to learn to be more effective.

Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return.

I’m also currently looking to upgrade to a software that allows me to transfer friends from PM to owner and will help me generate form 1099at the end of the year.

If you're ok with roommates and generating some leases, ground rules, and interviewing folks before they move in, you really can't go wrong with house hacking.