@Kelly Bellini take special notice of @James Wise response, print it out, tape it to your mirror to read when you brush your teeth, on your door so you see it every time just before you step out, over and over and over until you fully get it.

Personally, I think the confusion exists because they say you can’t use it as a investment property but fail to clearly spell out what qualifies as an investment property while also having no regulation in the space whatsoever. 

If he's just brushing his teeth he could spin it for a couple minutes and if he's taking a shower he could spin it for 30 minutes. 

There's no such thing as 100-year leases.Also, comparing Mexico to Argentina and El Salvador makes absolutely no sense whatsoever.

The few HMLs I know who do this are as rare as hen’s teeth and doing quite well.Lend to retirement plans.

Hard to say college town investing is dead when one of the largest whales just sunk its teeth in. 

The numbers would not make sense whatsoever if this was bought as a rental.2.

@Mike DymskiIt just depends on the penalties.If your property can be liquidated or foreclosed on for non payment, you pay to play.It depends on the teeth of the regulation.

The first (my realtor's CPA) said no taxes owed whatsoever; the second said I'd have to pay cap. gains and depreciation recapture in full; the third said I'd have to pay depreciation recapture, and 25% of the capital gains would qualify for the tax exemption (6 months out of the required two years) but the remaining 75% of capital gains would be taxed.  

Luckily no utility whatsoever will be on my name.