And you would have foreign investment and USA taxes to deal with.   

The Mexican government then decided to create one of the biggest tourist destination in the world through massive public investment (through its Fonatur arm) and (foreign) private investment.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

Usually it's 2 types of buyers: 1) 1031, foreign, or high net worth individuals - these folks are typically interested in parking money in high demand, low risk assets. 5% CAP and below markets are generally much safer than high CAP low appreciating markets.

At the time the amount of foreign aid and other money pouring into that city was astounding and real estate was the wild west.I ended up in the investment side of the business first, then later moved for several years to national and international tenant rep as an SVP at Equis, where I sourced and managed global accounts and also transacted their deals, more leases than purchases and sales.A few years ago I left and started Angelic with my life companion, angel, who is our CEO (and he's a non-broker, our only non-broker).

IRS does not consider foreign property to be a "like kind" property as one in the US.

I need to add something to the lease about it, like coins or foreign objects creating maintenance or damage, or overloading, or even cleaning up after yourself.

I think it is rare for a foreigner to get bank financing in Mexico.

I know foreigner mortgage is a little hard but i am doing my research in that area already.

If the funds are still outside the US in a foreign bank you might get some push back since the money has not been through anti-money laundering processes yet and the banks don't want to get tied to selling REO to bad people.