This is because they're much more expensive than other countries in the region and, unlike in some other countries in the region Costa Rica doesn't have the mass tourism needed to get you the rental income that would justify those prices.This being said, it shouldn't be hard for you to break even though since all you'd need to do for that is cover your costs.

I think Peter covered the best course of action.

I use airbnb and rent out rooms to cover most of my mortgage.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

(I am starting investor, please understand)So many guys are buying in second-hand market, when original can not cover their mortgage payment because of the depreciating rent, and let go of their property at great value.

Partner Driven financed the Main St deal by covering 100% of the $20,000 purchase price and $45,000 renovation budget, ensuring Amanda Frecks could focus entirely on project execution without the stress of upfront expenses.

I would be looking to use hard money to cover the costs of renovations.

., $700) to cover this, or are there other strategies for handling utilities in this situation?

This usually means all updated electrical, plumbing, and roofing.

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses).