There are several hoops to jump through for foreigners to own property in Mexico but its definitely doable.

That's how foreigners always know it is an American walking around - the telltale baseball hat. 

In many senses, these buyers are likely the same people who would've been your tenants had you ran a turnkey business.In turnkey, you want to focus your buyer base at out-of-state/foreign buyers in ridiculously expensive markets (NY, CA, DC, London, Hong Kong, Sydney, etc.).

You can have an LLC in a different state, operating in any state you would like however, you would be subject to registering in the second state as a foreign entity and would likely have to pay 2 annual registration fees (around $200 dollars each).

@Kolton Lynch We help foreign clients invest in Texas real estate.

2) How much down payment does a foreigner like myself require?

First, some historical perspective.If you have been investing in the past 10 years the current environment is VERY foreign to you.

Its almost like the growth from leveling up a corporate career: individual contributor to manager to manager of managers to director of a department to an executive leader with multiple departments with an ownership stake.All in all, not a bad place to be in, but a foreign world.Feel free to reach out.

But you can also either have an MD LLC or register your foreign (non-MD) LLC in MD with the State Department of Assessments and Taxation ("SDAT"). 

I currently rent a house for 2,500$ a month (this is the “normal†price for foreigners in Singapore).