I've lately been working on doing the same in Puerto Vallarta.I'm also working on putting a group of buyers together to do our own developments together with local associates.Have you invested in Mexico yourself?

I am proposed GP with development / management experience, however my liquidity is tied up in a separate development initiative. 

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

Will factor this in our decision making process.

I'm looking forward into developing my roots in the community! 

The loan on a property shouldn’t factor into the taxes.

I understand there are other factors such as pitch etc. but i am trying to get ballpark range. 

I live right over on Smith Street so I know this area well and would like to develop in my hometown.

lat=43.1688001618486&lon=-77.6159378282709 I’d also suggest considering whether you live or work nearby, so you can stay informed about any developments. 

What are some key factors to consider?