Ithaca city and town passed restrictions, but no other municipality has.

-Mexico citizen, born and raised in Colorado, and over the past few years I’ve been actively investing in Mexican real estate — mostly in presale condos and long-term or vacation rental markets like Guadalajara, Cancún, and Lake Chapala.I originally started by looking for affordable, well-located properties for personal use, but as I dug deeper, I realized there were real opportunities for long-term appreciation, rental income, and geographic diversification — often with as little as $20–30k down.The process isn’t as complicated as people think, but there are definitely key things to understand, including:How foreigners can legally own property in Mexico (especially in restricted zones like the coast),How presale contracts and developer relationships work,What kinds of rental strategies are viable in different markets (Airbnb, mid-term, or traditional long-term),Currency and exchange rate considerations, title safety, and banking between the U.S. and Mexico.One major advantage of presale in Mexico is that many developers offer in-house, interest-free financing during construction, allowing buyers to spread out payments over 24–36 months — without involving a bank or mortgage process.

There restrictions on everything!

Individual cities may have additional restrictions.

Those connections will help you work around some of the local restrictions. 

Short-term rentals here require a city permit, and with talks of current restrictions, it’s likely that new permits in certain areas won’t be approved if it passes.

If there are improvements made, then you should be able to cash out on the new appraised value without any seasoning restrictions.

I tend to gravitate toward opportunities that allow me to "be my own boss," and don't restrict me to a set location or schedule.

Otherwise, the residential use regulations of the most restrictive adjacent residential district apply. 203.1"For CMX-1 it depends on what the adjacent properties are zoned. 

asset class, but their risk appetites tend to be more restrictive than Safeco.