Without having much info, I would need to know the financial situation of the 'close family' to determine a best approach.

Belize is super picky on financial transactions due to US drug traffic monetary controls.     3.   

When you only rent to one family or one tenant, they solve these issues amongst themselves. 

I dealt with evictions, unexpected repairs, and the ups and downs of tenant relationships—but I also made huge strides in improving the property’s value and financial performance.

This is a picture was taken 2 days ago by my contractor in front of my property.So long story short Derek, there are more than just financial returns as to why people invest.  

Condition, pictures, any financials they can provide.  

For real estate investors, it’s a golden opportunity to adapt to market needs, contribute to solving the housing crisis, and achieve solid returns.

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home I do want to also add that my banker who is the VP of lending and branch manager has been banking me for 30 years..WE have been through all he ups and downs including the GFC were I got almost totally wiped out financially..

It's such a broad question that it's hard to answer.My original intent was financial freedom for my family.

A tip would be knowing The number of doors you qualify for from a lender, And then looking at financial statements from places a little smaller and a little bigger.