Given the details you've shared, the situation's legality largely depends on the contract you signed.

I am an OOS investor who is looking to grow my portfolio with properties that are equity driven as I have a great W2 that does not require me to be dependent on monthly cash flow, that's not to say I want to be in the red either lol.

Just depends on your goals.

Additionally, the specific tax advantages you can benefit from depend on various factors, including your income, expenses, and the specific details of your investment.

There are some great books out there but things are constantly changing so I would get an accountant who is experienced with tax preparation for RE investors.A down payment can not be deducted but the closing fees and other expenses almost certainly are.Whether you can take the deductions vs. deferring them also depends on your other income.

It would depend if the buyer actually new there was an option in place or not.The only way the title company would get sued is if there was proof they new about the option and allowed the 3rd party transaction to happen. 

Northern Mexico as Peter says is out of people to add to the economic production and Texas depends on outside sources of population. 

Every strength is a weakness and vice versa depending on context and perspective.

My CPA refers to it as deferring taxes beyond the grave.Food for thought, and more research depending on individual circumstances and investment strategy and needs.Have a great week!

A lot of people don't understand that and don't understand how to do these pieces - especially if they're coming from the STR space where they've been dependent on Airbnb and other OTAs - so they get frustrated with Furnished Finder, but the platform just isn't designed for that.