Obviously, this is not a financing specifically for the overseas property and the borrower could use the money to do anything they want.If you want to use leverage in Mexico, the alternatives to local bank financing are developer financing for pre-construction properties (which is rarely given if you don't have the necessary personal relationships) or seller financing.

I've used hard money for larger flips, but for stuff that makes sense for a buy and hold.

We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:*   Purchase price: $163k*   Financed price: $132k @ 7.625% APR*   After repair (estimated value): $225k*   Gross rents: $2150 ($750 one year lease & $1400 six month lease)*  Annual taxes and insurance: $7000*  Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!) 

I would look into a 1031 exchange to avoid that huge Tax hit... 

Instead of cashing out your IRA with the consequences of penalties and taxes, keep your money in your IRA and use it to invest.

You have to now include the extra time spent communicating issues, invoices, etc..with the property owner.Whether you do it or not is not a right or wrong matter, but you need to understand why you are doing it and if the extra cash will be worth your time.We have always turned down the requests to manage other people's properties, because I feel like the amount of money I would receive from managing someone else property would not be worth the time to me.  

Expenses will be allocated for tax purposes, and so on.2.

I have some investment money and I am also looking for a partner!

If they allowed new windstorm approved manufactured homes to replace the old ones the tax basis would go some $60 - $100k on each home. 

Well, honestly, it's not just about throwing money at them.