Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

If you want to understand 5-year outlook, I'd look for multifamily construction data in your area to understand what level of new units is and will be coming online in the near future. 

That’s a Cardone-level play—treat asset management as the CEO of your investment.

I've been looking at NC and GA recently, trying to find some entry level and easy to maintain property, but there are too many areas and it's really hard to narrow down.

Bathrooms if you can zero threshold people love those and as they age out they need it anyway but that would be for main level. 

Almost all properties need some level of work, so if you drain your accounts just to buy a property, you could be in a world of hurt later on.

This is next level genius!

They need to have enough disposable income to where they are not dependent on a high return, they need to be adventurous, they need to love the idea of owning a property in Costa Rica, and they need to have a very high level of trust in you and your ability to manage a property well in another country.

Because it's my money, I care more (I get 92% of the revenue, PM only 8%, and PM team member near 0%), I only had my units to manage (PM team member has other owners and units), and, with humility, I am smarter and harder working than the team members assigned to my portfolio (3rd party PM has to hire at a level that makes the business model financially work for them).