Quote from @Brandon Weis: We have historically had in our leases that renter's insurance is required, but we had been lax on enforcing it because owners didn't really care and not all tenants had it.

Be very careful moving forward with them.

We don't get paid unless the loan closes.I would be careful with a lender that charges anything but third-party fees. 

But I've watched a lot of cases carefully & studied enough of the law now to know there are ways to fight it in court.

I will be very careful with my first investment if I were you, unless you have a rich father or uncle who is willing to finance your mistake.

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

@Rich Vogel, would you care to elucidate?

I have had a couple of long term tenants who struggled to pay rent on time but always paid and took good care of the property so I worked with them. 

Costa Rica relays on Tourism and, you are absolutely right about the dilutions of hospitality in the world by Airbnb, however, the static still shows the preference of hotels by consumers when it comes to resorts due to all-inclusive options, comfort, and personalized care.

Does anyone have any other tips and tricks for helping out the appraisal process so I can get the best out of the situation. also what what other things can I put in the folder to give him or what you've done in the past?