I’ve qualified as real estate professional since 2021 and just found a potentially good opportunity to acquire a property in Mexico that would make for either a solid STR and/or eventually our forever home.I’m completely new to acquiring a foreign property- how to finance, what purchase process looks like, how foreign STR is taxed, does real estate professional status matter, etc. 

I researched Cleburne and think the area has potential, being the up-and-coming commuting town 30 minutes from Fort Worth.

Even if you meet these requirements, depreciation deductions for luxury cars have limits, requiring fancy calculations and potentially resulting in tax hits.

After some basic research, it seems to me that an FHA loan or, potentially some type of physicians loan may be the best option.

Additionally, I am prepared to offer either a first position on the loan or cross-collateralize with my portfolio of seven vacation rentals, valued at approximately $12 million, with $6.5 million in available equity and generating $1.4 million annually in gross rents.Given the potential of this project, combined with my experience and the collateral available, I seek advice on approaching potential lenders or investors and effectively negotiating terms within such tight time constraints.

I have called several Independent Agents locally and they all are requesting 4 Point Inspection reports (WInd Mitigation basically) and don't seem to get the point that I am analyzing "potential" investments.

Syracuse has great potential for any sort of investing possible.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

Evaluate interest rates, loan terms, and any potential changes in the interest rate environment that could affect your financing costs. 

Makes kind of sense that they want to cover their butt for any potential lawsuits.