Have you reached out to the neighbors about sharing the cost of the repair?

It was very outdated but had no major renovation costs.

I have been advising friends and family against investing here due to high costs and no cashflow for years.

For example, the costs to obtain the mortgage are typically amortized over the life of the loan.Real estate also offers expenses that do not involve cash coming out of your pocket. 

Cost of entry is lower as well. 

Villas and houses are also selling and renting exceptionally well.As you may be aware, the Tulum and PDC markets are dollarized, but many soft and hard costs are in Mexican pesos.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

You know how to determine reno costs, arvs?  

When creating your criteria, it is important to focus on the evaluation of the following qualities: • Capacity to pay: Does the prospective tenant have enough income to afford the rent and other expenses involved such as utilities or additional costs such as parking or storage? 

In Lake Tahoe having more beds is better sometimes because the average daily rate is higher so more people generally want to split the cost.