Just as encountering a faulty vehicle does not render all cars unreliable, the saturation of the 500 ft2 studio and 1-bedroom market in Tulum does not diminish the investment potential of other segments within the region. 3 bedroom + properties are still yielding solid returns (double digits).

There goes that double digit cap rate, a few years from now.

As @Daniel Sperling said, either get a standard contract that you can edit from a realtor you know or pay a local attorney to draw you up an air-tight contract that you can re-use once they know your goals - direct to seller, wholesaler, etc.The worst thing you can do is show up with a half-page doc for a seller.

There is a big push to go digital app route. 

With the 350k property just your principal pay down alone provides double digit ROI, let appreciation help with the rest.

MTR in a thriving tech community might mean targeting digital nomads, who are really fun to market to. 

Looking forward to the release of the 2nd edition of your Estimating book. 

It has multiple screening options, and the ability to send leases and invoices digitally.

I used Innago for background checks, signing leases digitally, and collecting rent.

I'm curious if anyone has created "digital guidebooks" for their STRs?