@Ivan Aldana I agree with Theresa, but I also think there are some creative ways to purchase properties. 1) Use credit cards to make your downpayment.2) Seller Financing - I totally understand right now is hard to even get an offer accepted, but something to think about it to find a real estate agent in your town and have them run a report on a neighborhood you like.

IMHO adjust your expectations, accept you can’t afford to live on the mountain, find the next best thing, and focus on that.

Unless that property has been gutted and renovated a couple times over the years, there's likely a lot of issues that conventional lending and insurance won't accept and will require you to fix within the first year of ownership. 

If offer is accepted, inspect property.7 - If property inspection shows actual rehab needed "plays nice" with analysis rehab, then buy property,  If actual rehab isn't what you instructed your REA to ONLY bring you, then withdraw the offer.This takes far less time for the REA since I'm only making inspections on properties I like. 

You can do a 5% down conventional loan for a owner occupants and not deal with FHA loans (harder to get accepted but not impossible).

I accept complete responsibility for allowing this to happen and not nipping it in the bud.

One of which would be to stay off social media.

But that is like in any international destination at the moment because of Covid and the Riviera Maya (including Cancun) is probably one of the least affected areas as it is one of those that accept visitors and on of the very few that accepts American visitors.

I am worried that after the offer gets accepted, the appraisal value might come in significantly lower than the contract price.I understand that discrepancies happen, and I’m not concerned about a small gap (10-20k), however, if the appraised value would come in significantly lower (50-100k, or more), then I would simply not be able to afford this property (given my then lower down payment, and worse mortgage interest rates).I am wondering if anyone has any experience with what happens in such cases?

Some examples of things I can help you with include:• Property rehab• Property analysis• Driving for dollars• Direct mail marketing• Tech work (website creation, social media management, email lists)My boyfriend is willing to help too.