But I still believe we have a huge supply and demand issue and the government needs to do something to spur new construction.

Challenges?

As you might imagine, there is some additional context to my situation and if anything would love to learn about some of the challenges you have faced and the reason why you chose to invest in Mexico and went in that direction.

It sounds like a challenging situation, and handling it requires balancing the tenant's rights with your obligations as a landlord.

The way more challenging part is #1 finding the deal of course, #2 finding great contractors that would take on this type of project with payments to them working through installments, #3 finding great terms on your refi.My advice would be to look aggressively for #2 and #3, so if you do come across the golden ticket of #1, you are ready to pounce. 

What are your biggest challenges with financing your investment deals?

California I believe can make it happen but the capital needed and rental laws make things a little more challenging

Challenges?

Challenges?

I don't know any RE investor getting 36% cash on cash return, even those who bought over 10 years ago (not in this challenging market).