A 1%- and 2%- rule property is hugely better in California compared to Costa Rica because you can leverage in California and you can't in Costa Rica (notwithstanding the fact the risk is higher in Costa Rica too so you'd actually expect a higher return there).

It’s also worth diving into local regulations and HOA rules—they can shift quickly in coastal markets like this.

Something I forgot to mention is I’ve been in the house since 2017, so the 2/5 year rule shouldn’t matter.

Leverage local experts: Connect with an architect or zoning attorney familiar with Scranton’s rules.

If property is done right even in todays market you can hit 1% rule and attract very desirable college students.

I will summarise my learnings to date and share a little about the process/rules I have developed here to hopefully be successful in REI in the Portuguese market.

It is investment banking, so the rules are much different than your "normal" lenders who offer mortgages or loans to cover a single or portfolio of collateral. 

So as a rule of thumb I have about $15,000 in reserves for capital expenditures.

I worked with the tenants to set rules such as if any violation comes up that would be grounds for cause.

Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.