Hey Account Closed - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

There was definitely some detail here for me to dig into.On the subject of "lease structure and clauses" I did ask the above reference attorney about such matters.

(It costs 10k+ to drain, clean, refill the pool so I only do it once an year and this is pretty standard) I think it is matter of if it looks dirty or smells bad when guests use it.

There’s no single right answer to every situation, but the more you educate yourself and build your network, the more confident you'll become.Lastly, don’t hesitate to ask questions here, no matter how small they seem.

Hi Aubrey,International lenders don't exist for real estate in that no lender in one country will give you a mortgage loan in another country.A good service to estimate revenue in Costa Rica or everywhere in the world for that matter is Aidna.

Also, I'd encourage you to think long term. 20-30 years from now, it won't matter if you bought your first property now or 3 years from now.'

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.

Hey everyone, I alongside my partners are actually creating a platform for folks looking to buy/sell land in Costa Rica (actually all of Latin America + Caribbean for that matter).

While you might be able to find an insurer who will accept it initially, it's just a matter of time before they cancel the policy; your expense will also be higher. 

.- If you're going after a seller finance deal I think once you understand what it will take to get to a finished state its simply a matter of aligning your needs as far as short term cashflow with the current rents/situation, with the net number the seller needs after the refinance.