Mind you, if interest rates were ever to return to a normal level in the US or Canada (something like around 6%), the property market would inevitably tank as it did in 2007-8 as the CAP rates are generally currently below that interest rate level.Short-term rentals work great in Mexico because of much lower property prices, operational costs and taxes, potentially higher income and no (danger of) unfavourable short-term regulations.BiggerPockets is awesome but it's mostly US-centric and you cannot copy/paste everything when investing in another country.

., but if you align yourself with a reputable, successful operator in that local market you can gain access to some great deals you otherwise wouldn’t have had access to.Sponsor Diversification - Vet sponsors carefully and don’t stay married to one sponsor forever.

The questions that you should ask arewhether you can establish a competitive edge as a STR operator, or if the property can be useful as either STR or LTR (once STR market is saturated you may convert to LTR).

Maybe they were just trying to explain that your expectations will not fit with the way they operate their business.

These charts represent a direct mail marketing analysis I send to multi-unit apartment building owners to entice them to sell their properties (to me) and to show them how the numbers work for them if as in this example the seller uses his equity for a 10-unit property and upgrades to 30 units.The operating costs indicate cost per unit per month because the numbers are easier to comprehend and the annual expense rate is 20% of the gross annual income not including mortgage payments because the buyer may pay cash and not have a mortgage.

You also need a license to operate. 

. - - Operating Expenses: This can easily be overlooked.

Anyone has done the BRRRR method with operating the homes as short term rentals in non vacation markets?

It was acquired from my struggling operator and turned around to make a staggering profit for the operator and investors in just two years.Example 2: We invested in a fairly large self storage facility in a tiny town you’ve never heard of in the upper Peninsula of Michigan.

No talks happened with Santander (today S. is a fine east coast operation).Wells Fargo did not have the cash Chase told  Kerry on the phone (while flying there) they agreed to a merger, then put pressure on the Fed (stab) that night to close and force WAMU into BK.