You want to look at paragraph 12 of the Texas purchase contract, called the 'One to Four Family Residential Contract'.

Cost Advantage: Property prices in Mexico can be 40%-50% lower than comparable investments in the U.S. or Canada.High Occupancy Rates: The average rental occupancy rate in Tulum is 70%-80%, driven by year-round tourism.Economic Stability: Mexico's economy grew 3.1% in 2023, with a robust real estate sector supported by foreign investment.Infrastructure Investments: Developments like the Maya Train and new airports enhance connectivity, boosting property value.Feel free to reach out if you'd like more information on how to invest in Mexico, benefits and insights in general!

And how big of a multiplier was the change from residential to commercial?

We added value by investing $45,000 in well-planned renovations, modernizing key areas, enhancing curb appeal, and ensuring market-ready quality.

Property investors can anticipate appreciating property values and heightened demand in residential markets close to the new facility.

Engage an investor-focused realtor/broker in your preferred market (this is not a residential realtor) and start 'tire kicking' the market and properties that fit your criteria.

I am excited to be a part of the BiggerPockets community! I've had a keen interest in investing for as long as I’ve been involved in real estate. After gaining some home equity, I sought to pursue my investing goals. ...

This lender is probably in the residential niche and is trying to get your business for a loan.

That complicates enough I'd consult with an entity/asset protection pro.I don't hold residential assets in LLCs unless partners got involved. 

Purchase price: $516,000 Cash invested: $600,000 Converted mixed-use 3 residential and large commercial space into 5 residential units and one mixed-use Building.