How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?

It will familiarize you with the basic terminology and benefits.

Longer Tenure in HomesData from the National Association of Realtors (NAR) shows people are staying in their homes for a decade (see graph below):This increased tenure means homeowners benefit even more from home values growing over time.

Cost Advantage: Property prices in Mexico can be 40%-50% lower than comparable investments in the U.S. or Canada.High Occupancy Rates: The average rental occupancy rate in Tulum is 70%-80%, driven by year-round tourism.Economic Stability: Mexico's economy grew 3.1% in 2023, with a robust real estate sector supported by foreign investment.Infrastructure Investments: Developments like the Maya Train and new airports enhance connectivity, boosting property value.Feel free to reach out if you'd like more information on how to invest in Mexico, benefits and insights in general!

I was curious how those of you that work with partners clearly define the roles and benefits within your entity.

I think real estate investing is absolutely the way to go thanks to the cash flow, appreciation, and tax benefits! 

The other benefits I see are debt paydown (done by tenants) and tax deductions.

Quote from @Dean Sexton: There are benefits to both options.

Usually conservation easements come with Huge tax benefits for the party putting the property into a CE.  

Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.