With a strong desire to learn, I’m focused on acquiring the skills needed to make strategic investments and build generational wealth through real estate.I’m is eager to dive into the fundamentals of the industry, from property evaluation to cash flow management, and is excited to learn from the experienced mentors and peers.Welcome to the community!

My goals currently are to help him get to a state where he can live the life he desires.  

If you feel you are ready for this and have a desire to ignore advice that doesnt fit what you want to hear just go for it.

Your thesis is basically rent low and accept less desirable tenants so I don't think that is the best thesis to base an investment off.

My desire is there, and my heart is in the right place.

An umbrella policy or other insurance policies can often lend similar desired protections in a much more realistic and simplistic manner.

Don't miss out on this incredible opportunity to own a stunning, completely remodeled home in a highly desirable location!

I dont have any experience in this market but have looked into it a little bit, I know that you can get the houses pretty cheap there but my concern was with the long term appreciation - I dont believe it is a highly desirable place to live and so there wont be much appreciation -however that is just my opinion and I really didnt look into it much,  I think it would be a cool place to live as I go to Monterrey all the time, but its hard to say. 

Because the original value of your closed loan was based on renovations being done, there is no additional value to use for the removal of the PMI.Maybe consider refi to another lender who will order another AVM or appraisal to get you a more desirable LTV. 

The tenant-buyer has time to fix their credit and save more money for a down payment during the option period, then exercises their option - fulfilling their desire for home ownership.