I wish I could buy my first deal in my backyard, but it's the insanely high price that's driving me to look outside of the Bay Area.

Yes the BRRRR method would be ideal but I would rather do that with homes in my backyard so I can see as they are doing the work as I can't fly to other states very often.

Purchase price: $326,000 Cash invested: $285,000 vacation rental in Tulum, Mexico: sleeps 6-8, 3 bedroom, 4.5 bathrooms, bonus rm, rooftop pool, community pool, gym, rock climbing wall.

It's pretty common for houses in the area to have pool house.

@Andy Sabisch depends on the Class of property you are trying to buy.Many investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A rarely generates positive cashflow for the first 3-5 years, but usually makes up for it with higher apprciation9) Class B usually has a good mix of cashflow and appreciation10) Class C has great cashflow, but relatively low/little appreciatonhttps://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

The main concern is that if you don't use the management on site, the fee is $100 for the whole unit to use the pool and gym.

Would you pool with your brother in law to buy a vacation rental in the South of France to operate from California?

@Patrick Julian Typically, for selling a Business you’d want a Business Broker, not a real estate broker…..two different buyer pools.

Full service gym, resort style pools, clubhouse, rooftop patios, dog parks, picnic areas, and covered or garage parking.

@Ruby Oliver start looking in your own backyard