Using other people's money (OPM) in real estate allows you to leverage your investments, significantly increasing your purchasing power and potential returns.

So if it is 10 years (making up a number) and the unit was 2 years old and a new unit costs $5000, you bill them for 80% of the cost-$4000. 

This leaves us with a little over $1000/month for our housing costs split between my wife and I. 

There were fears when the leftist just retired president AMLO came to power a few years back that foreign investors would get hurt but he turned out to be very friendly to us and made Mexico's economy its best ever and one of the best in the world.

From what I"ve researched it sounds like quite an undertaking and costly if you want the approval to rebuild on the soil. 

Class A and B property owners are just as concerned about the management costs as class D property owners.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

So you will have to consider all these things and their costs, along with any other renovations you will need to make for your potential property, and the prices that go with those as well.

"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.

If it cost you $100-150 per month it will be well spent money.