It has been a few days since we submitted the offer and are approaching the deadline we also put in on the offer.Does anyone know if they sometimes take a few days to get back (most likely waiting for other offers) or if they simply do wish to accept our offer or if there actually is other offers. 

Margins are tight, but it'll cash flow for you nicely. 

I realize it's the holidays and she's probably financially tight (but with no rent to pay, not as tight as I am). 

The most important of these may be the contractor who is responsible for completing great work on a budget and a deadline.

You may find yourself tight on cash flow especially if you have vacancy or any other problem.

My understanding is that Belize is lightly regulated but most of the land is controlled tightly by nationals.

You will lose money on this (hopefully you have the minimal resources for it not to bankrupt you) and for the rest of your life you'll tell anyone who listens that real estate is just a bad, bad, bad investment strategy.You jumped into a very tight, very difficult, very high-risk niche specialty without studying it carefully, without having worked with a more experienced investor, without a network and a team in place, without giving yourself a real chance to go through the learning curve.

I've been doing this business a long time and right now the market is very tight.

Id try to keep your comps as tight as possible to the neighborhood of the home.

I would suggest speaking with your attorney to keep the contract in force since you may miss important deadlines