Even if cashflow isn't your focus, I would caution against a truly cashflow negative local property, where you're also not factoring in the cost of maintenance. 

The Numbers:Cash Flow Analysis: Investors typically look for properties that will generate positive cash flow—meaning the income from rent covers the property’s expenses (mortgage, taxes, maintenance, etc.) and then some.

This could make the sale more appealing by solving a logistical challenge for the landlord.Things to Keep in MindUnderwrite Conservatively: Make sure you account for all costs, including property taxes, maintenance, and potential repairs.

The building is 100 years old, but solid with regular maintenance and updates.

They allowed in the proforma for a 3% maintenance.

You need to find people who love Costa Rica and would love to own a property there but are hesitant to buy a property on their own where they will need to manage it, and take care of it, and pay for the maintenance and any other fees associated with it.  

Only $1k of work was needed right away to deal with deferred maintenance issues on the property.

I’d love to hear from fellow self-managing landlords about the biggest lessons you’ve learned along the way—whether it’s handling difficult move outs, maintenance strategies, or unique ways to streamline day-to-day operations.

It almost feels like he's asking this question as a means of justifying his own inaction.EXAMPLE: Jake tells his friends he doesn't want to marry a "beautiful" woman because he believes they are "selfish," "materialistic," or "high-maintenance."

The building has some deferred maintenance that I have been dealing with.