The plan is to use the funds to purchase that first rental and begin flipping some houses along the way to pay down the mortgage on that long term rental, rinse and repeat. 

If not, plan on replacing at turnover.

Terms:$160,000 purchase price10% down payment3% interestBalloon payment in 5 yearsMy plan was to just make the payments on the land for the next 3-4 years, ride the appreciation wave and sell the land in the same condition.

Construction loans are available in Mexico but its a complicated and very expensive process.As a developer, I find and buy the land, plan and obtain all the permits, recruit a general contractor, market and sell the condos to investors who either use them for part time living or list them on AirBanB. 

If you plan to raise capital, always start by consulting an SEC attorney, it's not an area you want to mess around with. 

I have a detailed plan already. 

Hi,We have signed the contract to buy the land ( and plan to construct multi retail) in prosper.

Because it's a family, my plan is to increase their rent each year until at market average.

My dad and I have planned to partner up and get into investing together.

Even if you plan to keep them long-term, having that option is key.