As you mentioned, you can get overall higher profitability than in the US or Canada but, like in those market, long gone are the days when you could buy any property and make a killing as an STR.Too many people go to Mexico and buy any property because it looks good.

Batten down the hatches on your DMs because that ship will sink within one day of mentioning Columbus on here.

For a lot of things you can just look up material costs and assume the same for labor. 50% material and 50% labor holds roughly true for the entire project, at least for me here in Milwaukee, your labor cost will probably be higher in the Bay Area.100-125k spread would be tight, even for me here in Milwaukee.

What made you interested in investing in this type of deal?

You are in an awesome place to make your real estate investment goals happen.

Purchase price: $170,000 Cash invested: $40,000 Converted a single family home into a short term rental What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

I want to let you know that there is a short term rental forum, where you can chime in on things that have worked for you, or ask questions of folks who have similar successes and challenges with STRs.  

I would be paying all in cash.

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