To be fair it's possible that the home inspector explained that it's not up to current code but that it doesn't have to be, and the buyer/ buyer's agent may have misunderstood that to mean there is actually a problem with the deck. 

That is, of course, the major problem when you use cap rate.

Every hurdle hit it and solve it.9.  

If so, you can't really pivot to short-term rentals there and have to capitalize on the inn vibe and in-house services.My major question is why is the current owner, who bought it after it sat vacant for twenty years, looking to sell you the problem they can't fix?

I'm thinking lots in Mexico are probably normally cash buys, so if you can solve that obstacle for someone, you broaden your buyer pool. 

Yes it’s common to have an additional guarantor who has a balance sheet added as a credit enhancement.

These are all assuming there’s a problem with the current rental or the new properties are amazing.

The problem we are having this year is that IHA never stopped paying after the last two residents moved out. 

There are people who overpaid in the last year, but they would only be in foreclosure problem if they lost income.

(Tenants not paying on time, keeping track of payments ect..)There isn't just one problem.