I actually aim for not having any one real estate investment make up more than 1% of my net worth.

I did that out of necessity with my first 2 houses and was able to buy in a nicer neighborhood than I could actually afford because they weren't updated. 

The equity is actually what you are paying for the property.In this case let's look at the numbers that count,...the current numbers.You have about $500k or more in equity, which is buying you a property that's worth about $700k (I went with the lower PV. 

This is to prevent actual spammers from blasting our PM system.I've lifted your ban.

This actually seems like a great scenario for a 1031 exchange based on what you've said.

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).

Once you start seeing the deals, I'd start with one market to actually invest before I branch out. 

Now purchasing a home with cash is always good b/c obviously cash is king but also I think the part you might've missed is that, the money your utilizing on these home's won't actually be yours, but the banks or whatever institution you used to fix the home or make its value worth more.

I actually used to live in the area and self-managed all my properties while I was there.

I'm actually just interested in wholesaling at the moment.