Contrary to many of the so-called "Gurus", wholesaling, In my opinion, is not something an inexperienced person should engage in.

@Ken Domond this is definitely a challenge as most of the value add apartments I look at now have literally hundreds of thousands of dollars in deferred maintenance, and are being sold at a 4 or 5 cap.

You can tie multiple properties and activities together to meet this test, but that alone won't necessarily allow you to turn passive losses into active, it merely changes the presumption that they are passive2nd bar:  You have to show you are actively engaged in rental activity/property management for at least 500 hours in the year.

In my opinion, the transactional cost of buying and selling properties in Mexico (basically trading houses) might make it very challenging to make good profits if you are buying and selling as a foreigner.

The challenge is you have to coordinate with the tenant, make sure its clean and presentable.

The ADA defines an “employer” as any person who is: Engaged in an industry affecting commerce;Employs 15 or more full-time employees each work day;For at least 20 or more calendar weeks in the year.

Now, trying to get the project finished and dealing with the various challenges of managing contractors :( !! 

It might benefit you to engage someone that understands real estate investing to be able to take advantage of these discounts, as well as use them to double check your work until to you grow to a point where it makes sense to outsource.

So finding an owner willing to lease option will be challenging.  

Great discussion - SOI an be a bit more challenging for those of us that relocate.