All you need is one complaint for someone who knows a lot more about this than you do to investigate you for criminal charges. 

Who is going to conduct a preliminary inspection?

Could be a good tool to use to run preliminary numbers on a property. https://thisismortgage.com/fha-self-sufficiency-test-calculator/

Thank you all for your input.After digging more into this topic, I learned that short-term rental income can be used to offset my W2 income, so I am starting to investigate the area to invest in the upper State of New York.

Michael, for the "refinance" portion of the BRRRR, specifically for an STR, you should investigate looking into either conventional financing if you qualify for it, or doing a DSCR loan with a lender that can use Air DNA projections to qualify the rental income of the asset, and thus, the loan, assuming all the other metrics check out.

Up until this point, the bank and title really hadn't been communicating all that much, which seems off but whatever, so I requested that they exchange relevant closing cost information even if it is still preliminary and put together a draft settlement statement so we could make sure we had enough cash in the bank to close and still have a reserve left over.

Hi @Jorge Castro,I'm really interested to hear about how your project went - and how it's going.I live in Cancun and I really want to start BRRRR-ing, I can see from my initial investigations that there are some definite differences in Mexico to the way things are done in the US - especially with re-financing.Any tips or advice you can share?

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

I'm still investigating the rental market.Vu

The owner is motivated to sell but after further investigation, I discovered the owner owes about fours years worth of property taxes.