My company, 1031X, is 31 years old and is a top-rated national 1031 firm. 

Although Tulum need not have as many hotel rooms as PDC, understanding the current demand for Tulum can help identify the sectors with the highest growth potential.It's worth noting that many STRs are now transitioning to long-term rentals due to an oversupply of rentals and a shift in preference from Airbnb.

You mentioned that you'd recommend a multi-unit property; is a multi-family property typically preferable to a single-family home for house hacking?

My company, 1031X, is a nationwide 1031 provider.

BUT, this is personal preference, if you are trying to make this a passive investment and don’t want to be cutting the lawn, then 5% is probably fine.Hopefully this helps!

I worked for a nearly century-old trucking company, YELLOW FREIGHT, which closed in August 2023.

Find a good preferred lender or investment focused broker! 

Hey Matt, I run a vacation rental property management company.

@Pradeep Roy both are great markets but I prefer the Memphis because it's a more robust economy and there's a higher probability for appreciation.

Once the problem is resolved, find a qualified PM company and transfer the management.A lawyer is going to cost drastically more than $28 per month.