https://www.kiro7.com/news/local/i-keep-my-kids-inside-fife-...

fix and hold and lose a little for a while, while paying down debt, then refi out and keep the asset. theres no way i could take a bath like you are considering.

This one needs a little more work so I’ll need to pay for some outside help (and to keep holding costs down).

Don't expect it to ever be a hands off machine before many years of hard work and even then if you want to keep higher margins, a lot of the heavy lifting will have to be done by you. 

I'll keep that in mind.

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.

Existing landlords just keep reiterating that the problem is resolved, when clearly it isn't. 

Keep in mind, Fair Housing.

If he wanted full CAP rate value of the park he would have spent the 100k to keep his trailers in good repair, sold them off and taken the pad rent monthly.  

Even if you plan to keep them long-term, having that option is key.