As an update on what we have been doing, we have finally completed on the house in Peniche! 

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

finally a guy who knows this guy and calls him a scammer haha.

My tax professional is stating that I would need an appraisal to show the lot/structure are valued at $400k if I try to claim $200k as a donation.

Final thought is to make sure switching lenders doesn't blow a contingency and sink the closing that way. 

Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).

There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.

Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

@Pratik as @Neil Narayan mentioned, cash flow is very challenging due to the property values, property taxes, and soft rental market.

Our final 2 were appfolio aor rentvine, we went with rentvine because it was 2.50 a unit and that was everything they have to offer, appfolio would give you some for 1.49 a unit then a little more for 3.50 a unit then the whole enchilada for 5.00 a unit.