I'm so glad you brought up trash, totally slipped my mind in my eval.

Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

If I didn't mind being a little negative on cash flow then I would buy in Gilbert.

We had to bring the 1925 house to 2023 code which involved un-installing 26 windows that were already nicely installed (in appearance) in the house, reframing them to 2023 standards (at the time) which also involved strapping the bottom of the wood framing with metal straps (mind you this all after we had already completed the inside renovation).  

For our second STR, we are currently researching Sherman, potentially / ideally, a less expensive duplex that we could rennovate and self manage from Dallas with workers coming to the area in mind. 

So in my mind it would be best used as a last move into a REIT you never sell.  

Do you mind sharing more information? 

I got my license as an agent and have done a lot to learn as much as possible about the market I'm in and the real estate world in general.I am working with one investor currently, building a plan to start spec building in the new year, with a few other ideas as well.I'm excited to meet like minded people on this forum!

I could write a whole book on this topic, but this is what came to mind.3) There are a few factors that I consider when picking the city.

I appreciate it.john Your plan seems well-thought-out, but I’d keep a few things in mind.