I was wrong to fall in love with the potential of this development.

The potential problems mentioned by the responding posters in this thread are real and well thought out.  

The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.

The Banderas Bay area (from PV to Punta Mita) has lots of potential with the economic growth and the tourism industry expanding north towards San Blas with over 30% appreciation in the past 3 years.

I don't know Ohio's laws regarding disclosure, so it sounds like that may not be applicable. 

Then, if you like some of the comments from a user, you can connect with them directly and perhaps do a 1:1 discussion and potentially discuss what you want to do in the future.

We specialize in helping investors access opportunities in both residential and commercial markets, leveraging our network and industry knowledge to identify high-potential deals.

It seems every market goes through a cycle -- unnoticed potential; early titillation as the potential becomes known; flood gates open and gold rush is on; property prices rise, revenues drop, regulations come in; and finally balance is found.

I’m a realtor and investor in Indianapolis, and I’d highly recommend adding Indy to your list of potential markets.

I seriously looked into purchasing a few years back in Valencia but decided ultimately the US had more potential.