As I mentioned above, financing in Mexico for foreigners is much more complicated than in the US and you have to be careful because some mortgage products are purposefully packaged in a way that they look very cheap to the unsuspecting buyer when in reality they're extremely expensive.  

@Samuel Medina what you have to do is run the full numbers under both scenarios and see which one will product the most cash flow and ROI.

Never thought I would be doing STR.Challenges include(d): shortage of help, booked out contractors, distance, lumber price hit, product shortages and back orders, blowing my budget.Sacrifices: camping out/sleeping in rehabs.

Property taxes are the product of the assessed value time the tax rate.

There are some local lenders with great products for what you are trying to do.

This iso board is several inches thick (styrofoam type product which is covered on both sides with a fiberglass type material).

@Art Webb, When the property has been the product of a 1031 exchange you have to have owned it for at least 5 years to take advantage of the 121 exemption. 

Hey @Todd Rasmussen, I'm Justin with the BiggerPockets product team 👋Thanks for the hilarious meme 😆 but also the feedback, could you say more about that?

The vacancy rate concerned can be mitigated by providing a great product at a reasonable price.

I agree with other posters that the MidWest may be the only opportunity to purchase a quad for 200k, however, some of those areas have net out migration, so it's only a matter of time for rents to start to decline, and decline drastically for less desirable rentals.Instead of purchasing a quad outright, you may get better returns investing in several syndication deals where economies of scale can help you.