Probably but it gives you zero cushion which you'll need on a Section 8 property

Baseboards, couch cushions, above fridge, in cabinets, grout/caulk lines, rug maintenance, air filters, windows inside and out, dust the top corners of windows, corners of high places etc etc.  

I would leave yourself a lot of cushion regarding savings.

If you're investing out-of-state, you're really going to want the buying power and reserve cushion that 100K gives you.

That risk exists, especially given that a lot of properties in Tulum are overpriced so the way to avoid it is to avoid those properties and, if possible, buy under market so you get an equity cushion.

I would keep that low interest rate and the cash flow as a nice cushion to enjoy when times get rough.

I'll admit I do build in a lot of cushion (something I learned from my first flip deal) so I account for every possible expense.

Since the BRRRR strategy relies on recycling your capital, it’s typically better to stick to the minimum needed for favorable loan terms.Also, consider leaving a cushion in your HELOC or reserves for unexpected rehab costs or delays.

So on a 12 unit, I would keep an operating cushion of roughly 24-30k. 

If you are getting 35% more than you have a 2 month cushion to rent the property before it's not worth it.