You invest in something else, for example in a more profitable place, and the you use the proceeds of the investment to buy a property in Costa Rica when you retire.

Look at the PM contract and verify the 8% is all inclusive and that there are not additional charges for placing a tenant, resigning a tenant, inspections, and dealing with vendors/contractors.  

Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.

When it comes time to renew the lease, tell them you are not renewing it and they need to find another place to live. 

Quote from @Mark Forest: WOW, THIS PLACE HAS REALLY CHANGED.   

I spent some time in Lakewood and saw this kind of thing more often than most other places I’ve been.

It’s that simple.If you want success, you need a strong web presence—a place where the right audience can find you when they need your services.Think about it.

No need to invest out of state, when you are in one of the best places in the world to invest in real estate. 

In my area, the pricing is really all over the place.

You’ve come to the right place to connect with some very smart investors.