I concluded with my savings It was worth holding off.

Little constraints to building and, like in Tulum, there's a whole industry building a huge amount of condos there (who often look all the same) to sell to (unsuspecting) investors, which translates into huge competition when renting and/or selling.To conclude, you do some due diligence on the market to find out if my fears are justify.

At that point they can legally begin work while the court process unfolds, so there's little motivation to conclude the court process on their side since they already started construction.

@Peter Schiff, Yes, Selling a property owned by an LLC in a 1031 exchange concludes with no recognition of gain. 

Below are my notes which seems to conclude differently, but this scenario was a 401k distribution instead of a pretax IRA to Roth IRA conversion.my old notes:  take large $ from traditional 401k, in same year, using adequate leverage and cost seq/accelerated depreciation in real estate, can get a deduction that more than offsets the recognized 401k taxable withdrawl income..

I thought it provided some really great insight and ultimately concluded anticipate for rates to stay within the current 6.5% range +/- I think if borrowers were able to qualify with rates beginning with a five (for 30 year) that buyer and investor demand would accelerate significantly. 

The last FOMC meeting concluded with the Federal Reserve holding its benchmark interest rate steady at 4.25% to 4.5%, continuing its cautious stance amid mixed economic signals.

Indeed land and buildings have an intrinsic value and, if prices are too low, people could but and convert or destroy and rebuild.To conclude, what would I do if I was in your situation? 

I concluded it can cash flow on a cash purchase, but the return on invested cash will be nominal.  

However, Schiff also claimed a condo in Burbank, California, as his primary residence, even receiving a $7,000 California homeowner's tax exemption.FHFA investigators and Fannie Mae’s financial crimes unit concluded Schiff showed "a sustained pattern of possible occupancy misrepresentation" across five loans.