Same reason as for the CAPEX--repairs are based on the property, not the rent.Say you have a 500 square foot house in city X that rents for $1,000/mo, and you also have a 30,000 square foot mansion in Detroit that also rents for $1,000/mo (sorry Detroit).Which property do you think will have a higher expense for repairs?

Most people sell to trade up to a bigger place, wait for the mansion until later in life. 3.

The area you saw on your way down from the airport is Alto de las Palmas and Llanogrande, that's where the most amazing houses (mansions) are being built.

Its weird because there are crappy run down apartments and houses next door to beautiful restored classic mini mansions.

Cons - My homes were always less fancy compared to friends who brought the one mansion but could not go beyond that.

There are historic mansions, and during the boom, new construction.

http://www.ksdk.com/story/news/local/northeast-ohio/2015/03/30/johnny-joo-mike-tyson-mansion-pictures/70702382/

We have about 85 doors ranging from urban studios to beachfront mansions. 

For books I would suggest; Millionaire Next Door (teaches you that millionaires dont have exotic cars and mansions), then Rich Dad Poor Dad (Teaches you fundamentals of cash flow and compound interest and discipline), Then get into the real estate books (How to get started in Real estate by Brandon turner, Crushing it, what every real estate investor should know about cash flow, and the BRRRR strategy are great places to start.

In New Mexico, you can have a mansion near a private junkyard, so always start there.