However, in no event may a postponement period extend beyond: (a) the due date (including extensions) of the taxpayer’s tax return for the year of the transfer (See § 1.1031(k)-1(b)(2)(ii)); or (b) one year (See section 7508A(a)).(2) A taxpayer who is a transferor qualifies for a postponement under thissection only if--(a) The relinquished property was transferred on or before the dateof the federally declared disaster, or in a transaction governed by Rev.

@Maya S. - we finance NNN properties. 

@Victor ValleI have been investing in your great country and the Riviera Maya for a few years now and I respectfully disagree with your comparison between Tulum and Playa del Carmen.

@Chris May As Chris and I have mentioned, amortization has nothing to do with how interest is calculated, it has to do with how the payment is calcuted.

If things go truly south, you may as well invest in dry goods, it will be worth more.Cryptocurrency is not regulated at this point, until then it provides a free way for anyone to move money between countries tax free; convert illegal gains from criminal enterprises, legally hide business profits as it's not recognized as money...

May as well draw the parallel that nobody should invest in real estate because SWIM bought a house in 07 and was underwater shortly thereafter

Indeed, I'm not sure why you'd want to own a short-term rental home in Cancun to start with.People who land in Cancun (mostly tourists) generally either stay in a hotel / all-inclusive resort there or in the neighbouring Riviera Maya or they stay in a short-term rental in the Riviera Maya.

I gave May a call and left a message and Jeff won’t be back in the office till Tuesday. 

(Chester and Sari you really impressed me here!)

If I am signing a contract to pay for 30 years, then I may as well get a mortgage and own it by the end.