However, you can deduct the portion you remit to them as an expense, provided you issue them a 1099-MISC and properly document the arrangement.

Use the next 1–2 years to build your credit, income, and network, and document your journey online—authenticity beats perfection, and your story will resonate.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

Tenants really appreciate ease and responsiveness, and this helps keep everything documented and streamlined.2.

Unless the property is being wasted, mismanaged in a gross manner, or otherwise in breach of the underlying trust documents, the costs and time involved will both be high, with no reasonable expectation of a win. 

So act professionally, document everything (all the communications, if you talk in person for something important, follow up with an email for documentation).

The specifics of this should be detailed in the operating agreement or whatever contract/documents laid out the ownership, authorities, resolutions, etc. 

Any structural upgrades, HVAC, electrical, plumbing, roofing, etc.Make sure you have receipts, invoices, and documentation for all improvements.⚠️ Other Tax Considerations: If you depreciated the property while renting it, you’ll need to recapture depreciation, which is taxed at 25%.

And the Clauses You MUST IncludeOnce due diligence is done and documents are ready, it’s time for one of the most critical parts of the process:👉 The purchase contract.In Mexico, this is often referred to as a "Contrato de Compraventa" or Promissory Purchase Agreement.It’s the document that legally binds both buyer and seller, outlines terms, protects your deposit, and sets the rules for closing.🧩 Here’s what every solid Mexican real estate contract should include:1. 🔐 Legal Description of the PropertyThis includes the official lot number, size in square meters, boundaries, location map, and title registration info.Don’t rely on marketing brochures — only what’s registered matters legally.2. 💰 Purchase Price & Payment TermsClearly state the price in both pesos and USD, or whichever currency applies.Also outline how and when payments will be made (e.g., deposit, balance, escrow, transfer).Include what happens if exchange rates shift before closing.3. 📅 Closing Date & ConditionsDefine a clear timeline and location for the closing.Also outline who is responsible for which costs (notary fees, trust setup, taxes, etc.).Pro tip: Build in a 15–30 day extension clause, in case there are bank or municipal delays.4. ⚠️ Disclosures & EncumbrancesThe seller must declare any legal issues tied to the property (liens, tenants, pending taxes, disputes).If nothing is disclosed, the contract should include a “clean title” guarantee with legal consequences for omission.5. 🧾 Penalty Clauses & Default RemediesWhat happens if the seller backs out?

Khalil,Keep in mind that in a syndication of any deal the PPM and LP Agreement are the documents that govern the relationship between the investors and the sponsor.