I’ve qualified as real estate professional since 2021 and just found a potentially good opportunity to acquire a property in Mexico that would make for either a solid STR and/or eventually our forever home.I’m completely new to acquiring a foreign property- how to finance, what purchase process looks like, how foreign STR is taxed, does real estate professional status matter, etc. 

Everybody speaks English and the official currency is the US Dollar, so there is no exchange rate.

This global mentality shift in asset values will lead to a paradigm shift where the world no longer wants paper fiat currency.

I would have been in a much better position had I already closed on the property - I made an error in visiting the property and talking with the tenants pre-close (tenant alerted owner in a foreign country).

If you break down on the road would you rather have some foreign car thats hard to get parts or my crn vic that could be repaired the very next day?

Capital in the form of currency and bonds that are burying us right now is the bubble.

I used to work with foreign buyers.

The rest aren't even in the statistics because they are foreign buyers (I think I heard up to 20-30% of transactions in SF or Bay..) 

I spent $200K cash in 9 months because I was "promised" a $1M fee for being the middle-man in trading historical currency, as well as a $15M line of credit to finance my other businesses (I also had a music development company and traded stock options online). 

I'm trying to check a financing conditions for foreign but I heard that I have to have at least two years of tax returns.