There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.

Which made my tracking for taxes and such all look super dumb because everything is off by a dollar.

@Marie Pruden I’m so sorry to hear you are going through something like this.

He was a good guy” and his information  on buying at tax or foreclosure sales was realistic and doable. 

We have sold (tax free), kept as long term and/or short term rentals as well.

Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

You might not cash flow right away, but even just offsetting what you were paying in rent while building equity, getting tax benefits, and learning how to be a landlord is a game changer.

Some are owned by my ROTH IRA and are making tax free cashflow.

You could look into forming a C Corp as an alternative way to own this property that could affect your tax returns differently, I am not a CPA or giving tax advise.

While we don’t have state income tax here we do have the hurricane tax that comes with high insurance premiums and little real insurance benefits/help when it’s needed.