They are often located in desirable neighborhoods and are close to good schools.

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.

And make sure you live in that 1st house so you're close to and can address problems as soon as they appear. 

Also see if monthly gap might be lower as a mid- or short-term rental.

@Chris Magistrado, I am going to echo Rick: without checking the math, it seems close to accurate, in the theoretical sense that A*B=C.Take what I have to say with a grain of salt because I am not a "full-time" flipper. 

I would negotiate a price point that is lower - maybe the 10-12% range above "market".

Everyone knows that cash offers mean, a lower offer, right?

I have others that can close in just a few days, if that's your priority.I'm happy to share my experience both as an investor and as a lender.

To qualify for a loan, focus on having a credit score of at least 620 (or 580 for FHA loans), keeping your total monthly debt under 43% of your income, and saving enough for a down payment and closing costs—about 5-10% of the home's price in total.