As an outsider it does seem insane and untenable, but every time I visit, I am amazed by the climate and culture and can understand why so many people want to live there. 

There is lots of good research and reading available on the concept of "poverty culture".  

I am currently living in this house, but at the end of the day I want to maximize resale/renting value.The master looks like this except I ripped out the gross shower doors and put a curtain, also replaced the vanity/sink just so it was livable for me.I wanted to go more a more modern contemporary theme sort of like the picture below...

It speaks so poorly of our culture that so many people balk at the idea of an open and honest discussion of money, investments and assets with even the person they're in a relationship with.So many posters have automatically assumed this will lead to an argument or a breakup.  

If all of your tenants would be Spanish-speaking and you can't speak it fluently, or don't know the culture, I don't think you should buy it.The Mexican culture is tricky for non-Mexicans.  

I guess it is a cultural thing.  

You wouldn't have a completely different culture to deal with, where there can be a very different way of dealing with landlords in their home country, which can require lots of patience while you teach them how things work in the U.S.Anyway, I think you would most likely be quite happy with the Canadian renters.  

Many cultures are used to negotiating everything.  

These are things beyond mere profitability, intangibles that (for many) have opened the door to making travel affordable and real cultural exchange possible.

In some cultures it just takes opening a window to let a soul exit freely. :)