@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs. 

I would say pay the taxes.  

My realtor doesnt recommend buying this due to special assement unknown and HOA runs badly. 

Most materials in Belize cost the same or higher due to import tariffs. 

But higher tax rate in PG county. 

I took the property through foreclosure due to the non-performing note. 

Make sure you do your math correctly when analyzing property taxes…they will be eye opening.

Also, how does one assess whether or not one can turn a profit after paying principal/interest, insurance, and taxes each month?

Your best advice would come, for a Tax Advisor NOT a Tax Preparer (CPA).

The mortgage was also raised due to insurance issues to about $1,950… so I am not making much cash flow, more like a cash trickle.