The reality of the situation is much different than a spreadsheet. 

How far away from the property will you be?

Quote from @Chris Lo: Which platforms/websites do landlords use to find the rent rate, how long the rental properties have been on the market, and all the details about other rental properties?

If it's in the restricted zone (within 31 miles of the coast or 62 miles from an international border, you have the choice between using a bank trust and paying the fees mentioned above or using a Mexican corporation and bearing the costs of establishing and maintaining  the corporation.

Leaving the area for the sake of real estate investing isn't in the cards for us.

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

Well, of course it depends on the individual circumstances, the amount of time comitted and the capital available.

If the premium is worth the convenience for, go for it.

The work around was a Mexican bank was the owner and lease it to the foreigner.

If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.