Then there were some issues with the inspection report that ruined 3 contracts prior to me getting involved.

I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company. 

Hi @Mindy JensenI had the same issue as  @Deborah Burian.

Thanks in advance, IrisHi Iris,I ended up transferring ownership to the LLC and didn't have any issues.

There exists those of us that want a property in Costa Rica despite the issues we are discussing here.

If you are deadset on refinancing into a conventional loan, then you will likely run into seasoning issues.

Does anyone here faced similar issue ?

But occasionally we have issues and tenants need to be asked to leave or just decide to disappear in the middle of winter and it sucks.The worst part is I find the quality of tenant interested or willing to move this time of year isn't the greatest either - often times there is a reason they have to move right now since most landlords don't like ending leases this time of year.Either lower your rent or just hang in there.

That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.

Be prepared to face fluctuations in the market, unexpected repairs, and tenant issues.