Hi BP Family "I’m working on a 15-unit multi-family deal with strong rental & value-add potential.

I want to be able to find potential markets/listings nationally based on the return. 

Since you’re still figuring out where to invest, look for areas with strong rental demand, good schools, low crime, and potential for future growth.

Is saving the fee a PM charges worth the potential thousands in cost and headaches?

The Banderas Bay area (from PV to Punta Mita) has lots of potential with the economic growth and the tourism industry expanding north towards San Blas with over 30% appreciation in the past 3 years.

Be certain you've fully evaluated your cash flow by doing a cash flow analysis.I leave it to you to confirm you've taken in consideration the following potential costs: CapEx, maintenance, property management, water, sewer, trash, vacancy, turnover, taxes, insurance, etc.

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.

I see potential hurdles when it comes to resale but who knows what the future holds for these type of properties.

In addition, while the umbrella did not end up having to pay out, having it meant I did not stress about it at all.  

If something does happen you can at least show AirBNB that you stated that there may be issues and the guests were made aware of a potential problem.