Probably the most common mistakes made in the development business by non builder property owners.

It's expensive in Mexican development to switch providers after this planning phase.

You need to pay attention to things like rental demand, upcoming developments, and overall area growth potential.

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

I've lately been working on doing the same in Puerto Vallarta.I'm also working on putting a group of buyers together to do our own developments together with local associates.Have you invested in Mexico yourself?

To help you, we have developed a simple tool for gauging your emotional response to some common aspects of rental ownership.

Or they could never get to the latter, because they never had the beginning characteristics which include the former to develop properly. 

I wrote this recently to a prospective client and thought it was worth sharing to anyone who is looking to know more about the Tucson marketThese are per my experience and have no issue if others would like to add to it.

BTW, your "criteria" are likely just "rules of thumb" you developed (which is great!)

Hello Jadan, iam new to this platform, but i know a developer who will give yo a 25% return in nine months.