@Jason Tucker  you need to add in your utilities, common area cleaning, and turnover costs to determine if it makes sense. 

So I almost “broken even” with the cost of construction vs. valuation aspect.

You don't always have to incentivize a tenant with a discount to get the tenant to stay, nor keep rents stagnant, but it is good to be aware of the business impact with respect to cost too.

I completely agree with @Ashish Acharya's points about the cost-effectiveness of a HELOC and the potential credit implications if it’s secured by your primary residence.

This is the cost of doing business.

I'm curious as to what cosmetic rehab you have to do that costs $27K? 

Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

You should never pick your 1031 Exchange Qualified Intermediary based solely on their 1031 Exchange fees, costs and charges or the size of the institution.

There was a learning curve about investing in Costa Rica and the costs associated with it and financing and everything else.  

Ask your broker if the brokerage has a referral division and if there are any costs.