Are any of the other acres potentially buildable for an ADU or separating into a new lot?

If you go forward with it, know that you are now informed and will operate under those conditions and risk.

This is potentially going to be my first deal so I apologies in advance if my info and idea isn't as succinct as it could be.My wife's family is in Louisiana and looking to sell 6 rental homes as they are moving out of town and do not want to keep them as they were self managing.

Rather, it will be considered earned income... and if you have losses especially the first year with a bunch of start up costs and depreciation... and if your money is at risk (let's assume Yes), then this business venture can offset (or add) to your W-2 income.This is how short-term rental loophole works.

House hacking is a great start, but it is important to keep in mind potential downsides like privacy issues and the stress of managing tenants.

Looking to connect with investors in the area and/or potential buyers.

Then you've got very high risk being forced into Airbnb with legal risk.  

The problem here is the risk for the lender and such a structure would make their risk even higher.By the way, these days, interest rates in Mexico aren't that much lower than those in the US.

While seller advantages remain, a rise in new listings suggests a potential cooling trend.

This is a distressed property deal with enormous potential and a massive COC return.