Other considerations things to look at include; are any utilities common (like paying for a boiler for all 4 units instead of individual furnaces), how does access/common areas work, do the tenants all have access to laundry, are there any common area utilities (light common area lights, electric or gas for laundry) that would stay in the owner name.  

If you're looking to invest OOS you should check out this Bigger Pocket Blog here: Core 4 Members of a Profitable Long-Distance Real Estate Investing Team (biggerpockets.com)explaining what's needed and how to build your Big Four team so you will have boots on the ground ready to move full speed ahead when you're ready to pull the trigger.

I was just chiming in on how I thought you could win when the trigger is pulled.

I would not pay above appraised value for an investment property unless I knew it had some competitive edge that would increase its value considerably (ie. it was a subdividable lot or allowed for other uses that enhanced value that were taken into consideration).

For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?

I can also share the local contacts I have made in the past decade for all the services you will need if you decide to pull the trigger ie: Notary, CPA, Real Estate law firms, photographers, property managers, financing, developers, etc. 

You cannot do what you described in your last paragraph unless they also wouldn't be getting paid/other consideration until the year of the title transfer as well.

On the other hand, I just started working on my own development in Tulum so there’s a lot I can share on the topic.Many of you have thanked me for helping you buy a property in the area thanks to the informative content I have published on the forums or I have shared in our private communications but I know that there are many more people I've helped who haven't pulled the trigger even though they wanted to.

Is this a Single Family Rental - it can work for sure to start with negative cash flow - but this is a very very risky strategy - especially if there aren't other considerations like tax benefits on a larger portfolio or anything else I'm missing

I am on a bunch of wholesaler's lists and after analyzing hundreds of deals for myself and my clients I found one that was from a reputable licensed agent/wholesaler and I pulled the trigger.