I know Playa Del Carmen is booming now but I still would like to get in on it before the real estate is too high for me to afford.

Its hard to know the ROI because its unlikely if a tenant likes the rest of the house they will not rent it because of this, but also I want this to be a house they enjoy and not have a frustration like this everyday causing them to want to move out sooner.

If you are not in the right market you will lose money, rationalize the losses, and lose more money, get frustrated, and give up.  

If they are over listing and I apply 65% - the rehab and they know I have say 200k in my account, they know i can afford to pay lets say 87k instead of my offer

For example, if you can afford to pay $1000 a month on your mortgage, at 6% that would be a 170k house, at 4% that is a 210k house.  

It was beyond frustrating. 

I'm getting frustrated as a beginner , I'm trying to start wholesaling but every time I get a deal it always gets held.

My coworkers scoffed at me for moving and investing there in 2009-2012, but because I did that then I can now afford raise my family near the beach.

I am in greater Columbus, and our market it on fire but still very affordable.

Appliances not hooked up right, guttering not ran correctly...these things are frustrating but hardly a reason to close up shop and sell.