Thank you for the insights Mike, They are helping me gain a better perspective of how realistic this opportunity is. I am not sure how much the average property in Puerto Viejo costs but this one is 299k and has 10 units available for rental (varying levels of quality). There is the Main house - 2 story - upstairs - 4 bedrooms, 2 bathrooms, 1 kitchen and downstairs there are 4 separate apartments, with 1 -2 bedrooms, 3 kitchen, 4 bathrooms. The number of units makes me think they can cover the cost of the property/renovations but I am not sure how this would affect your initial assessment but I am thankful for any and all feedback provided. I did notice that the interest rates that were mentioned by the realtor were much higher than anything in the states and that was what made me consider sourcing my funds through a JV with another investor. Do you think the Airbnb calculator would work to run my own calculations, if not what would you recommend as the most important numbers to factor into my calculations? This property seems like it is too big to be considered an Airbnb. I have already started building a local network in the area and that has given me some insight into doing business in the town of Puerto Viejo, but I am here to gain insights from more experienced investors with larger goals like my own. I know I am asking a lot of questions and I understand if you're too busy to keep answering them, the feedback you've already given has provided a lot of insight already thank you again Mike!
