Recently I have had 2 different people kinda proposing the same thing: they want to sign a year lease with me not to live there but to then in turn rent it out short term to others. 

Quote from @Kwok Wong: Quote from @Jonathan Greene: Quote from @Kwok Wong: Hi @Jonathan Greene, @Chris Seveney thanks for your response and I apologize for the short message. 

If you have a handshake/wink-wink kind of deal then you should get a Promissory note at least that outlines the terms of the loan and what happens if it default, who the loan is between, and usually in agreements like this the language is broad. 

Give them price, and you get terms.

@James Wise, a long-term BiggerPockets user, was sued for $7.2M by Clayton Morris for reporting on Morris on his YouTube channel.

I also met some great folks out of Portland at the BP Conference in Mexico this month.My father-in-law lives near Ellsworth and owns some short-term rentals there.

I dont have any experience in this market but have looked into it a little bit, I know that you can get the houses pretty cheap there but my concern was with the long term appreciation - I dont believe it is a highly desirable place to live and so there wont be much appreciation -however that is just my opinion and I really didnt look into it much,  I think it would be a cool place to live as I go to Monterrey all the time, but its hard to say. 

3/1 detached will have maintenance/cap ex in excess of $300/month over the long term in today’s dollars.  

That question cannot be answered in definite terms. 

If it is a place where you, a person with options, really wants to live, then it is a good long term investment.