If your friends have a rental they should hire a tax professional. 

You have to add quite a bit to those numbers to include cost of hire, fire, vacation, supervision, training, and on and on.

Quote from @Thanh Lu: For owners with a small portfolio (1-3 STR), how did you decide between self management vs hiring a vacation rental company?

Navigating the eviction process in Florida can be challenging for landlords.

Your first hire is unlikely to work out though, was you won't have a good hiring system in place. - So, recommend having that first hire document the crap out of what you want them to do.

Unfortunantely I have become very familiar with the process.

This means you can sell, lease, or pass on the property as you see fit, just like any other property owner.Full Ownership RightsYou have the same rights as a Mexican property owner, including the ability to sell, lease, transfer, or mortgage the propertyLegal SecurityThe Bank Trust is a well-established legal mechanism in Mexico, ensuring your investment is secure and protected under Mexican law.Renewable TermsThe trust is set up for 50 years and can be renewed indefinitely, allowing you and future generations to maintain control over the property.Estate PlanningThe trust makes it easier to pass the property on to heirs, simplifying the inheritance process and reducing potential legal complications.Although the process might initially seem complex, it is entirely managed and supervised by a reputable banking entity.

If it is a private money/ commercial style  lender, it is a relatively simple process.

I thought it prudent to run some questions by the plethora of savvy investors in this community.I plan to begin now the process of finding a multi family property to house hack.

No offense, but hire a PMC because:1) You hate the process of placing tenants.2) You didn't do a very good job of screening the current ones.Sometimes we have to get out of our own way to find success!