Because his credit was good and the property was in a desirable area, not value wise, but living condition wise, he got 90%/100% financing on project 1 which is pretty good. 

It could work, but a long ways from the virtual certainty you should desire if investing your mom’s money.  

After 12 months, you can fully rent out the property if you desire, without needing to occupy.2nd homes are designed to have another place to live in a "resort type" area or when commuting to a different state for work.

The thing that lead me to invest in Costa Rica was a desire to own a property in Costa Rica first.  

And most importantly I have the desire and the why!

There's room for flexibility depending on the desired tax strategy.Once you have more than a few properties, you'll want to consider software.

Insurance premium determinations  are more localized where the carriers price perceived risks into their desire to have market exposure (if at all) and how to price that exposure. 

This process helps identify which credit cards need to be paid down and by how much to reach the desired FICO score.

Show them your desire to learn, your hustle, your hard work.The only other way they will mentor you is for $40,000.

However, it is a little higher than 3/2 homes which might be more desirable for that area.