He directed me to the City to have the building address added to receive mail and for this I would have to apply with the City for having an additional unit constructed (i.e. applications, permits, etc.) as mail can only be delivered to a dwelling (rather than a building).

Short-term vacation rentals involve renting out properties to travelers for short stays, typically through platforms like Airbnb or VRBO.Getting Started: If you're interested in flipping, start by researching local real estate markets, analyzing potential deals, and networking with real estate professionals, contractors, and lenders.

While you are invested in the DST you could potentially earn monthly cash distributions, gain potential appreciation on the property and takie advantage of tax benefits (depreciation).

@Michael DumlerPreviously, I was looking at investing in SFH in my town or potentially SF apartments, but my dad dissuaded me.

You'll find agents, lenders and other potential teammates there.

--DB A DST or DST to 721 UPREIT is a potential option. 

@Laura Winegardneri think it will probably be difficult to find a lender that would take into account 'potential' STR income... but even if they did, yes, i think that would be risky. 

For the past year I have been looking for a place to buy as an income/airbnb to buy in Mexico and have inquired about Playa del Carmen and Tulum and keep coming back to Tulum as it seems like it has the potential for growth with airport coming and simply more infrastructure.

This can be a very tough line to toe, especially when potentially hundreds of thousands of dollars are on the line.While appraising is all about numbers, there are people involved, and anytime you have people involved, the task becomes infinitely more complex (yes, infinitely -- as an example, there's no computer in the world I can't beat in poker, but you add an idiot with half a brain and at best, over a small number of trials, I'm 70/30).So, I certainly don't mean to bash appraisers as a whole, though in this case, I had every intent to bash a particular appraiser...

The new loan at a 5% interest rate would then pay off the seller's remaining balance, effectively transitioning your financing without additional down payment.It's also worth noting that some lenders might allow a "cash-out" refinance, where you could potentially take out more than the existing loan balance, given enough equity in the property, which could be used for further investments or improvements.