The former is easy to work with and may let you do what you want if they agree with replacing the fence.

In Phoenix, a 1996 build is practically brand new when compared to a WWI-era home in Cleveland or Pittsburgh or some other Midwest or East coast city.While I agree that older homes come with more problems, buying something newer may not work as the price will be higher and won't cash flow as well.I'm of the mindset to buy what fits your budget and investment goals.

However, if you're concerned about the cracks in the photos above, I think most would agree that they are normal settling cracks and that no further precautionary measurements need to be taken.

I agree that the full 25% deposits were high for new build rather than EMD.

But leverage is a useful tool, just know when to use a hammer and when to use a screwdriver.Totally agree.

Illinois is a great market, but I agree with most that it would be much easier if the investment were closer to you.

Agreed with everyone here - You're headed in a good direction here.

Hi Aubrey,International lenders don't exist for real estate in that no lender in one country will give you a mortgage loan in another country.A good service to estimate revenue in Costa Rica or everywhere in the world for that matter is Aidna.

On a positive, the rental demand and production in this are is some of the highest in the country. 

I'm on house number 4 that I've lived in and renovated, so I agree that's a good strategy (I've done it just through life, not actually a purposeful strategy).