Anyone Investing in Cabo San Lucas, Mexico?

[David Begley]

I currently own a "fractional interest" in a beachfront condo in Cabo San Lucas that we use 1-2 weeks out of the year. My family and I fell in love with Cabo and I am now considering buying a condo/house in Cabo to be used as an investment/rental property. Several real estate brokers will actually take the "fractional interest" (much like a timeshare, but not as restrictive) as deposit toward one of their properties.

I'd like to know if any BP investors have any experience in Cabo and can give me some insight. Properties there seem to be very reasonably priced, unless there is some "gotcha" I'm not aware.

Thanks!