While you save, home prices could continue increasing too.There's always opportunity cost with buying today or waiting but I recommend doing what's best for you.

. :-)First - How can the price just suddenly increase from $100k to $125k?

The PITI is a simple computation.

High interest rates reduce buyers and increase demand. 

Property Management in Brazil it's relatively simple, you can use a broker (called "imobiliaria" in Brazil) which normally charge you 5% and take care of everything.Good Luck on your purchase, Fortaleza is great!

Here are some steps to get started:Market Research: Identify areas with strong growth potential, low vacancy rates, and high rental demand.Financial Analysis: Evaluate the cost of construction, potential returns, and your financing options.Legal Considerations: Understand the zoning laws, building codes, and permits required for new construction in your chosen area.Sustainability: Consider incorporating green building practices to increase the property's appeal and long-term value.The Bottom LineWarren Buffett's investment in new construction underscores a broader trend in seeking alternative avenues for growth and diversification.

This increases net commissions. 

While many HMLs will not lend to a newbie, the industry is becoming increasingly competitive, so a growing number will. 10% down should not be a lot to ask.As hard money will cost more than your HELOC, you'll need to find a better deal.

I'd say for both markets some things you'd definitely want to have an idea of would be Median Sales Prices, Median Rent Prices, price-rent ratio, days on market and then also % of price increases for the last couple of years.

However, there are creative ways to increase margins such as building ADUs ground up or converting garages into ADUs.