Now maybe I am wrong and all the POH homes are spectacular and very well maintained with new roofs, furnaces and no water leaks. 

Here the explanation and benefits:A Bank Trust or Fideicomiso allows foreigners to acquire property within the restricted zone, which includes areas within 50 kilometers of the coastline or 100 kilometers of the borders.

This property only needs a pool and furniture to get it to spectacular status.

Some will probably do fine with it, but the number of spectacular crashes amongst this demographic will be a multiple of the norm. 

California is the richest state in the USA.California has 3,427 miles of Coastline.

I've helped my mom buy a place in Caseville, and have looked at MANY homes along the coastline (I live in St.

WE have done quite a few of those over the years with some pretty spectacular returns..

on a 100 year old house that rents for $1000 a month that's about to need a new everything - that is spectacularly deficient.  

Good luckThis is spectacular insight, it's silly for me to imagine that with zero down I'm going to cash flow in 4 years.

Like right now funding land flippers in rural CO.. and that is a spectacular  market for us.. have not gone vertical. then you can go to private money like Builders Capital  Peers of mine in the industry dont care for them.