If you plan to have a large portfolio and scale, this would be something to consider.

Initial plan was house hack.

I have 2 development projects in planning at the moment also and they have relatively similar #'s. 

If not, plan on replacing at turnover.

The best is to buy raw land and get it shovel ready meaning site prepped with plans and permits approved and then sell that 

I have a detailed plan already. 

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. 

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. 

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.

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