I’d second everything he said.In Texas, landlords can deduct from the security deposit for damages beyond normal wear and tear—but you need clear documentation.

Since you don't know what "documents" are needed, you won't likely understand the contract, contract law, title, survey, POA's, the closing process, etc.

If not, I dont really see any reason to spend $5k+ and go through all of this headache just to put yourself on the documents.

Capital improvements can be added to basis just make sure to have documentation.

Financing for foreigners in Mexico exists.You just won’t hear much about it unless you know where to look.That’s why I’m launching this 4-part series to break it down clearly:- What foreign financing in Mexico actually looks like (and how it works)- What documents and income proof you really need- What kind of properties qualify and which ones don’t- How to protect yourself from rookie mistakes when financing abroadI’ve seen investors go from total confusion to owning cash-flowing assets in paradise without trying to “figure it out” alone.Let’s unpack what no one’s talking about.

Since he has no W-2 job, this is achievable if time is properly documented.

Finally, inspect the property and document all damages so that all - including remaining tenants- agree as to conditions etc

Make sure to document all deductions, and after move-out, properly inform the ex-tenant of any security deposit deductions IN WRITING, within the legal timeline according to your L/T state laws.  

It’s not enough to just see income documents — you need to verify that money actually hit their bank account.

I skimmed the document — like I had a dozen times before — and signed it without catching the change.As a result, instead of bringing the listings back in-house like we had planned, I accidentally extended the agreement another six months.I didn’t slow down.I didn’t read carefully.I signed something I shouldn’t have.It was a painful (and expensive) reminder: gotta stay sharp even when something feels routine.Familiarity can lead to missed details.And its usually the small stuff that turns into the big stuff.Always double-check.Always slow down.Especially when it feels “automatic.”Lesson learned.The good thing is that this $25K mistake today will prevent a $250K or $2.5M mistake later.