Apparently, they are owned by the 10x PM company and at this time we are inclined to work with 10x as our PM so it makes sense to consider the "Nailed It" construction company as long as I get some positive feedback here :-) 

If everything goes right I will be able to refinance and will have created 25% equity, or I may end up having to bring $10-20k to the refinance to get the 75% LTV depending on the appraisal, but even if that's the case it's still a great deal.

You are just looking to get more posts up.

HELOC is not what it used to be because HELOC rates are so high right now.

.: Thanks  for the insight, they ended up adding an invoice to the escrow statement. 

Indeed, I'm not sure why you'd want to own a short-term rental home in Cancun to start with.People who land in Cancun (mostly tourists) generally either stay in a hotel / all-inclusive resort there or in the neighbouring Riviera Maya or they stay in a short-term rental in the Riviera Maya.

Best of luck to you!

@Dustin Seager if you are buying with hard money, then you will have to put it in an LLC.

Get real clear on where you are and where you want to go.

Also you want to look at the competition.