It is still subject the mortgage rates and business plan to make the investment profitable. 

And if you’re lucky enough to be with the few carriers who haven’t yet increased the deductibles, pay the higher (than last year) premiums  for now (because you won’t find anything cheaper elsewhere and certainly not with the lower deductibles) and keep that option for one last year, because it will likely switch next year for you.  

@Nick BelskyI'm not sure why you're generalizing the mortgage conditions in Belize to the rest of the area because they're very different.

We love our home which has a $2,400/month mortgage and we rent the furnished MIL downstairs for $1,600/month, so I plan to do the equity line of credit and continue living in this home.

BTW $1000 sounds like a LOT OF $$$ Oh interesting, are the maintenance techs in-house employees, or are they contracted but at a cheaper rate? 

A HELOC carries a higher rate over a shorter amortization usually 10 or 15 years and a mortgage carries a lower rate over a 30 year amortization offering a lower payment.You have to run the math in each scenario because the math differs based on a few things like Fico score, CLTV, Loan size, and time frame between purchase and refinance of new property.

If you don't have much money, then invest your time and energy.Putting a second mortgage on your home to buy a turnkey property is a horrible idea.

Quote from @Thomas McPherson: That’s a good point about the bond market and mortgage rates.

So, they don't owe you anything and you should probably be grateful for any amount they gave you.1) It's probably cheaper for them to offer you "hush money" to keep quiet vs suing you for libel.

It’s building equity in an appreciating asset with a low 2.75% mortgage.