This has happened all over the country and will continue to happen because we are becoming a renter nation and we will probably never keep up with the housing supply.

No capital gains in Belize.  

Do you need cash flow to build more capital for the next property?

Depending on the lender (bank or alt. lender) you have to look at origination fees....points, doc prep, interest rate, frequency draws are allowed/min. draw amount allowed per request, interest payments vs. interest reserve & whether interest reserve is capitalized to fully understand the true cash requirements.

Quote from @John Underwood: I think it's illegal to have indoor cameras.https://www.google.com/amp/s/www.krqe.com/news/national/are-... 

If so, you have to see what capital you have to deploy and whether or not it makes sense.

Id be happy to break-even with the rental income if I get all of my invested capital back.

Do some smaller dollar private lendingA property is too capital intensive and $20k will not get you very far.You also did not describe what level of risk you want to take, so that is something also to take into consideration when evaluating where to invest.

(Which aren’t taxed as capital gains.)

What capital do you have available now to buy or are you only looking for seller financing?