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.

Second Lien Position – A first lien position is safer, but $110K may not always cover the full loan amount for a flip.

They're pre-finished RTA, and it's usually only ~$100-150 per cabinet to install.

This should be able to help out your DTI assuming 75% of the market rents can fully cover the monthly debt. 

Hey Daniel,With that $500K HELOC, you’re in a great position to leverage it for a multifamily property, especially if you can find a deal where the rental income covers your debt payments and builds equity over time.

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.

@Anthony Becerra I believe you are looking for a pre-approval letter.

Part of this is due to marketing and pre-marketing of the home - an agent is your marketer. 

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

The rent from this property covers the mortgage.