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

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.

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

Does anyone here faced similar issue ?

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.

It's definitely one of those issues that is very specific, and would need to be worked out with Planning.

If you currently rent for $2,500 and take the $1,750; you have additional positive cash flow of $750 for your rent situation.Have you thoroughly looked over the capex potential issues? 

I’ve never had this specific issue but mistakes like this are pretty common. 

However, your issue would be lack of equity.