Not sure how much of that will apply to Mexico.The best and usually most common solution to this is to find a money partner

I've been listening to BP podcasts and reading real estate books every day since that day.The genesis of my motivation to learn about real estate is to find a smarter way to utilize my excess capital to generate passive income.

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., Syndications must be set up so you are purchasing a tenant in common interest of the underlying real estate in order to be eligible for 1031 treatment. 

My biggest stressor is having to share common areas such as the kitchen and living room with roommates I probably don’t know.I want to be aggressive when it comes to the multifamily properties but I also want to be a little conservative being that its my first purchase.

The two bedrooms and rented out to two male adults and they share the common bathroom.

@Patrick Liska, Yes the Delaware Statutory Trust and TIC (Tenant In Common) are both used as 1031 exit strategies to consolidate and move into passive ownership while retaining tax deferral. 

Quick evaluations are as follows, lot rent x number of occupied lots x 30 or 40% expense ratio(depends on who pays utilities) x 12(to annualized)=net operating income (NOIthen you apply an appropriate cap rate.

Definitely utilize this benefit while you can.

However I believe I’m paying mortgage insurance so my payment is around $1050, can possibly rent it out for 1200-1300 plus utilities.