German,You absolutely have a couple of good points and like the saying "to each their own" its for some and not for others.

Hello, I hope everyone is doing good!

They are not good about answering emails or phone calls. 

They are a good way to get started.

Good insurance will cover most risks.

Does anyone have good experience with a STR in Cabo San Lucas in Mexico? 

Good and honest responses here will sound like this: You're right.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

You have preyed on people who had good faith in you to care for their properties, for their personal health and safety; and instead now live with ongoing health issues, legal fees, and are forced to reside in unsafe conditions.

As far as tapping into the equity without doing a refinance, we offer some great HELOC products which are especially good for funding short term deals like ground up constructions or fix and flips.