You also might face unexpected costs like special assessments, and market saturation could impact rental yields/resale values.

A big unexpected $30k issue (I've had several) will take decades to recover from. 

What is my reserves amount that I need in case of unexpected capital expenditures?

Just wondering if anyone has done this and what safeguards (contract, insurance additional coverage etc), if any, they felt were necessary, and if they've had any unexpected issues.  

I would be delighted to talk about the current real estate market in Kansas City with you.

Once the money is back in my account I'll send the rent money'-'My car ---- the bed and needs fixed'-'The storage facility I have some stuff in charged my credit card 10X what they should have'-We had an unexpected bill'-'My credit card/debit card/bank account got hacked' (this one has happened multiple times to different tenants)-'I got another job that pays better'

But I’ve only had a handful of profitable months, most of the time I’ve been paying either the mortgage myself or unexpected cleaning & maintenance bills, and my savings has run to zero, so it’s a big loss so far.

This has resulted in an unexpected financial burden of $7500.In light of these circumstances, I am seeking advice from you all on the legal options available to me.

Highball all your numbers and leave room for error and unexpected expenses.

If you are interested in investing in a market with explosive potential similar to what Tulum has experienced, I would be delighted to share insights on where prominent players are currently investing in Mexico.