Some people love that as the initial numbers look good, but probably over the long term they get tired of the common issues landlords face.It's not that hard typically to find a move in ready property, or even to find one that needs minor repairs, where you can capture the equity yourself vs the person selling it to you. 

Throw the junk in a dumpster, and keep or sell the things of value to recoup your costs.I never want to sell anyone's belongings.

Was paid sales commission to sell it to myself.

There's actually a huge oversupply of properties in Tulum and none of my friends who own property there make anything close to that!

It's time to treat these properties like a business.

I am currently selling a 16-unit apartment complex, the first one to sell since 1998 when this buyer bought this one!

However, the amazing SNOWBALL strategy they sell goes something like this.  

It allows the sponsor to buy and sell real estate within the fund as well, maybe doing multiple smaller deals.

The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

Quote from @Lee Loen: Hi,I'm an investor looking to acquire land, build, and sell luxury homes in the Scottsdale/PV area.