You will be taxed on way more than $150k, and also this $150k number is totally irrelevant for the tax calculation anyway.

I've been at this a while and have over 70% equity in my combined portfolio, and I'm over 50 years of age, so I don't look at creative financing options. 

don't know if this is still true, but at one time foreigners could not outright purchase property in Mexico within 100 miles of the coast. 

This is where you find the property and then you can sell it after.  

As long as the city considers your property a true SF, you shouldn't have any issues getting this permitted (in theory, yet to see how some municipalities will handle this law).

This is all great advice!  

Hi everyone,Does anyone have any useful spreadsheets / checklists / anything informational as I begin my journey into fix and flips?

Additionally, take some time to drive around your neighborhood and gather information on recently sold properties within a mile radius.

I am just starting out with a STR and found that VRBO is not very specific if they are collecting the tax and paying it to the State as a marketplace facilitator or am I responsible for this tax collection and payment ?

Read Averys book and past posts in this forum.