In these instances either "betting on appreciation" or riding the principal pay down and dollar devaluation makes perfect sense.

Taxes in the area might be devalued for years and fixing to have a big increase.I usually go back 10 years for due diligence to see how assessments have played out and how much they have gone up and down each year.

They did this to try and prevent over inflation of house prices but what is happening now is these appraisers are coming in and just whipping out the appraisal without any care for accuracy in some instances and devaluing the house and/or neighborhood.

That would translate to that syndicator devaluing his or her services, which would hurt their reputation and their incentive to perform. 

(In most cases)Jim,Inflation by itself will nearly devalue your future mortgage payments enough to make up the overall repayment difference and you don't realize "savings" until well after you've completely paid off the 15 year mortgage.

They either went through or know about the various devaluations Mexico has had on occasion.

You are trying to use a crash that no one has seen in I don't know how long to devalue my method.  

So, looks like it (just) hits the 1%/m magic number, which SHOULD keep it in positive cash flow territory, providing you don't borrow more than 75% of its value, and you CAN achieve your desired 4% interest or lower, and it DOES achieve that return, and it DOESN'T get devalued by the economy going south.Now you've come this far, I suggest focusing on negotiating your mortgage Interest Rate.

It is rare that real estate, by contrast, is ever devalued to zero, as even the land usually has some intrinsic value (there are exceptions, obviously).

What if they lent against the value of the timber, and a fire, or storm or other occurrence devalued that asset?