Each mortgage we have about 250k left on.

Adjustable rate mortgage, 10% down.

Second Street is an international mortgage lender actively investing in Costa Rica.

Quote from @Dinesh Nair: I am a Canadian investor with a US corporate entity- we closed on our first property and now working to find financing through a lender… however rates keep changing all the time.. is there a site to track rates ? 

In Costa Rica, property condition is a constant variable, far more critical to maintain than the USA. 

I read that one of the requirements for getting your second FHA loan is having a change in family size. Has anyone gotten a 2nd FHA loan this way or know of someone who has?? I'd really appreciate any and all helpful ...

High interest rates are deal killers IMHO.

Tenants in many markets already believe they pay too much (contrary to recent studies that show rent to property values have never been lower for the large US cities).If my insurance costs are not double my current rates over the next couple years, I will be pleasantly surprised.  

That is the best option if you are truly trying to help a family member.you cannot get control of the mortgage, you can do sub2 but you are not in control, the bank could call it due if they see the property transfers title.The other way is for you to buy it from them at market rate, then rent it back to them at market rate.

If someone offered to finance this house to you at your current rates if you put down $250k would you do it?