Super nice guy, and a genius.You can also go checkout Divorce Lending Association and find a local CDLP if you'd prefer.

Hello @Tove Fox,You are not investing in a state, you will invest in an individual city.

I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?

There are a few ways you can handle the renovation which all comes to personal preference.

Do have an idea of your preferred acquisition price and how much rehab might be required? 

I'm ready to get out there and connect with other individuals and create a team to benefit myself in this journey!

I also prefer to screen the guests and set my own price/stay restrictions.

Cheap materials, thin walls, the LVP was peeling already not to mention the transient individuals in the parking lot. 

Mexicos second largest revenue source are wired funds from the U.S. by individuals.  

They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.