Tulum is booming now, while Playa has already reached a high level of development; so you will get better ROI in Tulum. 2.

This problem starts with a poor residential developer and a non functioning floor plan. 

Hello,I am just getting started investing in Minneapolis and have developed a relationship with an agent who has since referred me onto a home mortgage lender.

That knowledge may actually be telling you "don't invest here".Find a market that works for your plan (once developed), then learn everything you can about that market...as if it was local...then invest there.  

I would recommend that you work on developing a strong buyers list with buyers who know what they want.

Just another perspective, I work for a developer that does their rehabs with integrity, and specifically with the goal of holding onto properties long term and minimizing maintenance costs.

Im a realtor here in OC that partnered up with a seasoned builder/developer.  

I'm a freelance writer, journalist and blogger covering various aspects of the commercial real estate industry, from developing, to legislation, to tips and tricks, to markets to investing and more.

*IF* you can run the Number on an SFR, the big change is the sum(rents) for all units * 12 = GSI.You should be able to derive the NOI and develop the cash flow from there.IMO, if you can't, then your in trouble

As to investing, I'm developing a sub-specialty in "fix & flip".