I have been very actively involved in Los Cabos for 30+ years, was part of the GE Money Mortgages for Americans and Canadians buying homes in the vacation areas of Mexico and have a very good understanding of the perceived risks and how to mitigate them.

Lots of retirement communities and lots of shops, malls, restaurants, close to the ocean, etc.

If you are wanting to invest here and live out of town, I recommend interviewing property managers--they are often a one stop shop bringing you deals, viewing deals on your behalf, managing your property, maintaining it and they are a licensed realtor.

"American family vacationing in Mexico died from gas asphyxiation"What tourist would want to vacation in Mexico after reading this?  

But also shop shop shop. 

@Alexander Felice  I too had the same issue...I had car insurance with them, but found better deals for that elsewhere.I recently shopped around for rental property insurance (Landlord Insurance) and found they are a lot cheaper than NREIG and others.

At an extra $80/month taken away from my capex, that would help mostly townhomes, in the area that’s attactive with shops and good schools, look more appealing then the ~$140/month cash flow i would be looking at without that factored it.

Currently shopping around for the right property.

I was and have been funding flippers there.. its better than It used to be.. but heavily dependent on American auto .. when American auto is doing well they are.. when it suffers your rentals will suffer.. 

I am no expert on loans, however, it has been my experience that it is absolutely critical to shop your lenders.