After doing four other deals with REI Nation, I learned a lot and applied what I learned to help close this property quickly.

@Connor Thomas see our cut & paste knowledge below:------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

We have people that apply that we reject because they do not meet the criteria. 

He said he's been through the wringer trying to apply for units. 

Can you pull off a BRRRR and 1% rule?

Granted, it's applied to the gross income but, for the typical Mexican STR, the difference between gross and net income is much lower than in the US given the lower expenses in Mexico.

but I’m starting to reconsider .Eating the Capital Gains will hurt a bit but we can apply the profit made towards some tax debt as well and then apply more $ to our primary condo out here and get relief of the PMI.OR do a 1031 .However, most people say an intermediary is necessary .I need to do research on how much someone charged for a 1031 .

This way the selling entity is the same as the buying entity as per 1031 rules.

Ab1482 does not apply to SFR owned by an individual or couple.  

The low rise type buildings without elevators tend to have the more relax rules and also the lower assesments, so they can be a good option.