It's also REALLY REALLY REALLY hard to cash flow if you are paying someone this much off the top.

If you have decent terms on the land with low property taxes, add some insurance and you should still be able to cash flow easily.

Do you have a current need for that cash flow generated from the tax savings?

Long distance landlording when starting out can be very tough.The folks I see succeed the most have all had good W2 or inveting income flow from non-real estate when they started investing in real estate.  

Books I have read:- The Book On Estimating Rehab Costs by J Scott- Land lording on AutopilotBooks I own and want to read soon:- The Millionaire Real Estate Investor by Gary Keller-What Every Real Estate Investor Needs to Know about Cash Flow by Frank GallinelliMy question:Im lacking some knowledge as well as trying to understand the metrics investors use to keep track of different types of data both when buying and selling and also down the line for refi and PL spreadsheeting. 

For my senior project, I am researching the ideal marketing strategy for a hypothetical (but could become real) multi-unit Tiny Home STR property in Malibu, CA (with the potential to generate huge cash flow and long-term equity ;)To graduate, I need a guest from a real estate company to sit in on my final presentation (10 minutes) and to provide brief feedback (3-5 minutes) on Tuesday, April 23rd at 3:00 PM PST on Zoom (15 minutes total).

Also, I reviewed Google News to find new development projects since I sought appreciation over cash flow. 

I will take all of this information in consideration.

However, even if I wanted to spend time in Tulum, I'd buy a property in a more profitable area (of Mexico) and use the cash flow to rent for cheap in Tulum to get money and lifestyle together.

Many of the communities where we could find homes that cash flow actually did not have these measures.