Our family has owned property in 3 different states in Mexico. Lots of CAN & USA do this to make their retirement work financially.

How familiar are you with how RE transactions work in Mexico? Have you perused sites like mexlaw.com? What part of Mexico are you looking at?

Owning RE in Mexico is not complicated but it works completely different than CAN/USA.

I have done writeups about this on some of the Mexican tourists subs. Those have become major havens for local RE agents that push inaccurate info. Take any info you get from there with a grain of salt & validate it through authoritative channels.

The big gotchas are:

• How to acquire the property - use RE agent vs attorney & notario publico. The latter is the traditional method that accounts for 90% of RE transactions. Agents are popular to appeal to tourists. Biggest issue is there are almost no protections for consumers using agents.
• MLS sites are also new to Mexico. Most of these are actually owned by RE agencies and none are public or industry standard how they are in the CAN/USA.
• Restricted zone - If you are within like 50km of coast or 100km of international border, foreigners cannot own the property directly. Need to use a bank trust (fideicomiso) or Mexican corp. Both are safe/legal but operate much differently.
• Gringo pricing is a real issue, especially with RE agents. Basically as soon as foreigner puts an offer in, the price increases. Since locals don't really use RE agents, it's obvious the buyer is probably foreign.
• Contracts need to be in Spanish and if they involve a foreigner who is not fluent in Spanish, translated into your native language. However, if there is an issue or dispute, the Spanish language version is what is binding. If you alter the contract, you need to verify it is translated (correctly) as well. In my experience, RE agents are sloppier in this regard than attorneys.
• If you are spending that little time there, you will need a property manager. Most RE agents offer this service but there are also dedicated services. I won't go into the issues with the big STR sites, but it's not what it was a few years ago.
• Everything in Mexico works much differently from how you evict a renter to how you engage a contractor/handyman. Also things like property taxes & invoicing. It's your responsibility to find out when these are due & pay them on time. Not knowing when taxes/contractor bill is due is not a valid legal defense. Getting a contractor to give you an invoice rarely happens.
• STR bookings require paying the hotel tax & VAT tax so they collect that for you. However, you need to register a tax account.
• Many condos offer this property management feature and are much cheaper than 3rd parties. Something to look into.
• If you are going the condo route, really dig into how the condo regime is setup. A lot of times things are not covered. One example was a new building that fees did not cover elevator maintenance. When it broke, everyone had to pitch in before the condo admin would contract to get it fixed.
• Attorneys are very cheap in Mexico. But if you engage one through a CAN/USA firm, you will pay CAN/USA rates, not Mexican rates.
• Mexico is a face-to-face business culture. That includes everything from finding attorneys to finding properties. Many properties that are actively for sale are not listed online. The best way to find a property is rent in the area for a season. Find the part of town you like, then look for a property.
• Another good resource are local FB groups for the area. These are everything from RE for sale to nomads/expats/etc.
• For the areas popular with CAN/USA retirees, wheelchair & disability friendly units are common and well thought out.

Some of the other pitfalls vary by state due to different laws/regulations. How real estate management & transactions work in Mexico is well documented online. Do some reading to get familiar with it. Lots of people do it; it's very safe & reliable.

I am not sure if this helpful or what you are looking for.