At current rates probably 30% down to get to a 1.2 DSCR.As an OOS investor, you have a huge disadvantage compared to local investors and you are cost burdened by paying a PM.

Maybe I'm misunderstanding how the process works? 

That being said - SA is huge and not all areas are equally strong in regards to rental prices and appreciation gains.

Did you notify Chase that you intended to use the mortgaged property as a non-owner occupied rental during the loan process?

They can seek exemption from the SEC, but this process is costly, complex, and time-consuming, therefore not typically done.

For more information about the waiver process, click here.Thank you for limiting your cancellations and taking care of travelers."

Not necessarily a fast process, but I have yet to have something through them not be resolved properly.https://www.taxpayeradvocate.irs.gov/

Yeah, that does not sound like a standard process.

Who help with the actual process of setting up the Roth IRA account and the nitty gritty of it? 

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.