So, it would then potentially cost you a penalty for early withdrawl and also income tax owed on it.

But, when you combine all the potential lost income and damages, I will definitely be the losing party since there's a cap on small claims.

Your ad should require "proof of income" not proof of employment.

To write off travel expenses incurred while looking for a property to invest in:Business License: Not needed.Deductible Expenses:Travel Costs: Yes, such as gas or airfare.Lodging: Yes.Meals: 50% deductible.Education Travel for Real Estate: Yes, 100% deductible.Important: All these expenses are deductible if you report rental income. 

I am 20 years old and trying to learn as much as i can about real estate so that when i graduate college and have a steady income Ill be able to make smart investments hopefully leading to financial freedom.

Or STR the highest season for the most income and then MTR the slow months. 2.

There are a bunch of ways to do this depending on the property type, usage, and you (income and credit scores).If this is a primary residence, you can get up to 90% of the value of your home minus any exisitng debt. 

This is because they're much more expensive than other countries in the region and, unlike in some other countries in the region Costa Rica doesn't have the mass tourism needed to get you the rental income that would justify those prices.This being said, it shouldn't be hard for you to break even though since all you'd need to do for that is cover your costs.

If the current rents are below market, maybe it’s time for some modest increases, from what I’ve heard many landlords do this gradually.

It doesn't matter what your rental income is.Anyone could buy in your neighborhood and make a STR.