I have a lot I have purchased in Cancun and am needing to submit plans for the construction of the home itself fairly soon and am like a fish out of water.

Thank you so much.

I need this explained in layman's terms please I am still learning and the math breaks my brain a little, haha.

What will it cost to buy the property, how much will it cost to rehab (to include how long it will take), and what will it realistically sell for?  

You do not need a QI as in a 1031 exchange. 

It would be helpful to learn how one lands the jobs that come up in this forum and how much entry level positions pay.It sounds like you are focused on leaving a legacy which is amazing.

Since you're already familiar with renovations, an off-market deal might let you use that experience to your advantage with properties that need a manageable level of work.2.

Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.

Feel free to reach out if you need any recommendations or advice as you build your local team.

Lenders are reaching out to Fannie Mae and Freddie Mac to have the minimum increased, since this is an issue that will not go away as insurance companies raise premiums to stay profitable, and HOAs try to avoid paying higher premiums by increasing the deductibles (or sometimes they need to do both to afford a policy at all).