Anyway given the huge amount of supply coming up in the area, you can’t afford a bad location or « bad » property if you want to get rented on a sustainable basis in my humble opinion.I would only get something like that if I wanted to use the property for myself only and want to be on the middle of nowhere.Hope this helps and sorry if I involuntarily poop the party but, at the risk of repeating myself from previous posts you can’t expect to buy by anything in Tulum and make or not lose money.

Appreciate the post!

@David Cherkowsky - first off, I can't argue with the idea of investing in your own market, as noted above by the other posts - that is obviously what I do.  

Dont shoot the messenger I don't make the rules :P  You don't apparently understand the rules or have this post confused. 

If you use the same investment pre and post-roth conversion, the growth would be the same.

Just posting a message to say hello!

The one I mentioned in the original post was one we never even went and visited because the initial approach to the property scared me.

*This post does not create an attorney-client or CPA-Client relationship.

If you can get a local agent to pull a list of recent transactions, you should be able to estimate, based on the photos, what your target property will sell for post-renovation.The repair budget is the list of repairs (with estimated costs) required to make your target property look like the "ARV homes" you found above.

I should have been more clear in my post.