And it could take even longer than 6-12 months to find a replacement depending on the area.The other things to look at carefully are major Capex or maintenance expenses - you didn't mention whether this was a NNN lease.

Do you sell / buy real estate in Mexico personally? 

You could make this work ST, MT or LT, depending on how you approach it - the key with unique grounds is owner-provided upkeep and service built into the listing and what permits allow. 

But maybe he's just showing his real character. 

It really depends on your specific market.

And that depends on how you view the costs. 

But unless you get a value-add property, purchasing real estate really doesn't make much sense in this environment?

If I hold my interest rate to 7.25% and run my numbers, the ratio of rent to purchase price changes depending on the rental rate.

DBIt depends on your goals, but generally, a long-term rental should ideally provide a solid return on investment beyond just breaking even.

Alternatively, waiting for rates to drop and then moving might give you better purchasing power.Ultimately, it depends on your cash flow goals, risk tolerance, and long-term strategy.