Probably, I will make a trip sometime this year and personally, survey these areas myself.

Converting apartment buildings  (made up of 300-600 sq ft units) that have lots of character and close to downtown to condos was very popular in the boom times (pre 2008). 

FPE Stab-Lok breakers (red strip across the front, often says Stab-Lok somewhere on the panel) have a very high chance of not tripping when shorted or overloaded. 

@Jay Hinrichs That would be a fun trip!"

This includes performing the Comp inspections on the same trip as the Subject inspection.

I know most of us have heard horror stories and/or have personal experience about criminals and unsavory characters taking over vacant properties then claiming squatters rights to avert the authorities.

I know most of us have heard horror stories and/or have personal experience about criminals and unsavory characters taking over vacant properties then claiming squatters rights to avert the authorities. 

This is what many get tripped up on when they review syndications and I suspect many would make different investment decisions if they didn't focus so narrowly on dividends and ownership interest. 

Pete: It's a vibrant area with a lot of character, and some areas are experiencing revitalization.

Also, in a recent trip to Tulum, contacts on the ground mentioned to me that many developers don't have the funding to finish their projects, which could generate further (long) delays before you get your condo.