Trying to explore if there are still pockets in Nova where the returns make sense, given the high prices.Nova is extremely low risk, which is why cap rates are so low, the issue I honestly see with nova right now is the cap rates are often times below what you could get in a bond, and leverage is hurting you right now, I wouldn’t say I Would recommend not investing in nova or investing in high risk market, but personally I’d rather get something in the 5-7 cap rate range and take on slightly more risk to do so. 

The collateral that would be seized is the subject property.The Exit depends on price range, market, location. 

When buying your first property, especially multi-family, you're bound to frequently come across occupied units and often while the tenants are home.  

I will ask them to sign a new lease when I take possession so that they ARE bound by MY terms and conditions.  

I've run the numbers on homes in our price range within a 3hr drive radius of our zip and they just don't make sense as rental units.I'm fluent in Spanish so other than the financing problem maintaining a rental in Costa Rica vs another market in the USA that requires a flight is fairly comparable from my perspective.Its funny because buying a sub 70k house anywhere in the US would be so easy for us.

It seems that properties in the area can range on average from 50k-75k.

The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here.

I’ve frequently been driving for dollars scoping out this size range.

So you and/or your partner will need to have an unlimited residency permit (Niederlassungserlaubnis).From what i can tell of the residential property market, the cap rates are very low (3% range) and the rental income doesn't cover the mortgage costs often times.

I also want to take full advantage of the opportunities available to me now, while I am not obligated or bound to a specific location.