I remember that, when the Americans were kicked out of their homes in Baja Mexico a few years ago. They had sunk all their retirement monies into their homes. The Mexican govt decided they wanted the homes and came up with some excuses why their leases were not valid. The homeowners were given 2 hours to get out, and the military police changed the locks on the doors.
I wonder who is living in these homes now? One guess!
That's why you'll never catch one hard earned dime of mine in any property venture down there. The Mexican gov't is so corrupt, even the local business owners have to set aside some of their earnings to pay them off so they stay off their backs.
Anything goes in Mexico, and there isn't a darn thing anyone can do about it. I think a lot of Americans think it's pretty harmless down there, but they are far from right. Unless you can bribe your way thorugh, you really are taking a gamble with your investments...and you'll most likely be on the losing end.