Last but not least - how much does it cost?

We have been working with Devon Kennard and helping him expand his portfolio over the last several years.

The only information I had to go on was with the last Lender informed me so maybe it was specific to the company they were with.

My husband and I purchased our first Costa Rica property last year and were advised by our agent that in almost 6 years of working in that market he had only ever seen 1 American Couple successfully obtain a mortgage in Costa Rica and it was from Scotia Bank. 

It's a fantastic strategy as long as you still have your HELOC, buy during the last downturn, one of the first things that banks did was to shut down HELOCs.

 I did an investment research trip to Guanacaste, Costa Rica in March of last year.

I don't even think its worth a sub-toSounds like you spoke to collections (who will tell you anything to get money) and not loss mitigation, as paying back due balances are NEVER part of a short sale.

Their millennial population has seen a 25% increase over the last 5 years and the baby boomer population has grown by 13%.

Im waiting to hear back to go look at the last unit.

Consider the "2 of the last 5 year rule" to avoid capital gains.