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

-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate? 

@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent. 

This is down the alley of tax liens.Yes, deduct the lien from a sale price.

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).

You could look into forming a C Corp as an alternative way to own this property that could affect your tax returns differently, I am not a CPA or giving tax advise.

I had no idea who we were working with as I was lead to believe it was one of his clients from his tax business.

For tax purposes, you really just need to have everything aligned to the schedule E categories. 

We have sold (tax free), kept as long term and/or short term rentals as well.

I've been working in this space for a while, so I can definitely share some insights, tips, and even some lessons learned from my own experiences.Whether you’re curious about neighborhoods, market trends, or just how to navigate buying, selling, or investing here, I’m happy to chat.