Also, regarding the 15% you pay to Airbnb replaces the commission your guests used to have to pay to Airbnb so you should be able to charge it through your guests through your pricing.And, yes, operating short-term rentals in Mexico, while cheap compared to developed countries, is somewhat more expensive than in Colombia, Ecuador and the Dominican Republic because Mexico is more developed.

With this set up, we were able to get a DSCR loan through Kiavi with only a few extra steps compared to an LLC.  

You just won't really have a ton of positive cash flow right off the bat if you are refinancing at 70-80% LTV at today's interest rates.Multi family you can get both but those are tougher on the equity side of things since they cost more to rehab compared to a single family home.

Quote from @Thomas Schmidt: You could hold off on paying until he gives a detailed breakdown of costs and compare it with local rates.

As of 10/11/24, here's some quick compares of various service prices for providers I've checked into myself: NamePricingGuesty for Hosts$39/monthBookingAutomation$12/moBeds24$20/moTokeet$15/moLodgify$50/moElina$100+/moRentlio$13/moHostTools$32/moHostfully$119/moUplisting$100/moHospitable$29/moSmoobu$28/moiGMS$28/moLodgix$79/moOwnerRez$40/mo

If you can spend 250-325k, you should think MTR, not STR, because that is more likely to scale in any area because of all of the different types of renters for MTR compared to STR, which is more location-based and amenities-driven.

That's a low-return improvement, compared to say new bathrooms/kitchens.IMHO, if you expect to increase your net through rental and market appreciation, consider the length of time it will take to realize that goal—many years. 

What is the market value of a bed room and a bathroom  for the purpose of Comparative market analysis. 

@Chris KittleIf you are unsure of costs, I would download some Offering Memorandums in your market and compare costs.

The no state income tax doesn't really apply when you are comparing to other investment locations.