Since the property is under mortgage, just transferring to LLC will most likely trigger the "due on sale clause".3.

If this were a brick and mortar bank (now I switched to one), this would have been flagged to me before the bank took the action of refunding the money, triggering an investigation.

But how can you transfer a property into an LLC later without triggering the due-on-sale clause?

Transferring a 1031 exchange property into an LLC shortly after purchase typically won’t trigger immediate tax consequences for your wife if the LLC is a disregarded entity, as you file jointly.This post does not create a CPA-Client relationship.

🎯 I get it, though—pulling the trigger on the first deal feels like stepping off the ledge.

Can you ever use these funds as they accumulate to go purchase another property or does that trigger taxes?

They are durable, but catch hair and dog fur more than the Bassets.I would avoid faux leather.

I will be going down there in a couple of days, and interested in building/developing/investing, I am a licensed Mexican Architect, I have friends living there as realtors, US investors, and US builders ready to pull the trigger. 

Even if the units you tour aren't the one you eventually buy, walking around the area and getting a feel for the property types will help you be a much more informed consumer when you are ready to pull the trigger. 

Even then, if you've built up enough carry-forward losses, a nice capital gain may not trigger any taxes to be paid.