Anyway given the huge amount of supply coming up in the area, you can’t afford a bad location or « bad » property if you want to get rented on a sustainable basis in my humble opinion.I would only get something like that if I wanted to use the property for myself only and want to be on the middle of nowhere.Hope this helps and sorry if I involuntarily poop the party but, at the risk of repeating myself from previous posts you can’t expect to buy by anything in Tulum and make or not lose money.

They’ll probably make sure whoever you buy from is the actual seller too, and that you don’t wire your hard-earned money overseas to a scammer like a lot of people have done recently.

Should I save more money?

Every market will have strategies that are making money in one market but not in others.

That's money out of their pocket and into someone else's pocket. 

1) with a CRT you are giving the money away.

Living at home and saving money is good.

You can of course do it yourself, but I think hiring expertise who has lots of experience talking to the appraisers, working for other investors, and potentially going in front of the board and potentially arbitrators is probably money well spent.

What you'll find is PMCs charge a LOT less.Of course, some DIYers will still think they can act as ther own GC or Project Manager to save money, and expect PMCs to do the same for free.

If you plan on using private money funding you'll need a licensed contractors bid to get the loan.