I believe they are recouping costs associated with loans they don't close.

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

Cost of entry is lower as well. 

It is not impossible, but building a team that can communicate effectively is going to be key to getting this one done.Good luck!

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.

Buy a house that cost less than 500k. 

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? 

The tenant wants over 13K to cover stay at a hotel (that only has a small fridge), food for the family, moving costs and storage costs which is about 2x the amount the city expects.

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.