Be extra diligent on running your comps and don't rely on anyone else to tell you what it will rent for.

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You seem to be relying on second-hand stories to form a narrative that doesn’t hold water.

Only buying on appreciation really translates to "This deal isn't as good as it could be if it cash flowed."  

Your asking for people to cough up a few million bucks so you would probably need to rely on your own network.  

We were in the flipping business not the landlord hand holding business so we needed the folks out.I know you East coast folks really rely on Lawyers for your day to day real estate stuff.

@Ben StanleyI would assume you get zero revenue from anyone else and be able to afford the home yourself by getting qualified at a local lenderIf you are solely relying on someone else as well without a reserve your level of risk just increased significantly

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Belize is relatively easy to invest in there currency is pegged to the USD and there official language is English so the legal documents do not need to be translated for you to understand them.

That actually just sounds like your agent is hustling and trying to find buyers himself, as opposed to only relying on buyer agents to show the property.