This can go towards covering unexpected maintenance costs or damage to the property.

Ensure you have enough reserves for unexpected expenses, and understand the property's projected cash flow to avoid overleveraging. 

And there are some surprisingly affordable places there.Maybe my thinking was that I could constrain my research and 'education' to that specific geography and then apply what I learn to other areas I might consider.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

It doesn't completely surprise me that some of houses haven't sold as fast as they could, but it is what it is.  

Just make sure you keep enough cash reserves on hand to cover unexpected costs or market downturns.Given the complexity of your plan, especially with the involvement of an LLC and potential rental income, it might be wise to consult with a tax professional.

To each their one indeed.On another note, I'm surprised about your comment about the cartels, especially since you lived in Mexico and I don't see the connection with real estate investing.

Be logical, don't expect the best, and thus allow yourself to be pleasantly surprised if/when rates come down.

I do not make such offers often and am surprised when someone does not make use of the offer.  

Thats not surprising since there is no electricity or hot water.