Living in one side and renting out the other will help cover your mortgage, and after a year, you can move out and keep both units as rentals.

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.

It's just an unfortunate side of house flipping when you're first starting out - you typically don't have your downside covered.  

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

@Anthony Miller here's something to think about that's not covered in any books!

Post insolvency, the framework allows an assessment to all private insurers operating in the state to cover the difference which will subsequently pass the costs along to policy holders.

HOA is currently $172/month, with and additional $44 for club fees, covering club amenities, including a gym, boat lift, a restaurant etc. 

Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.

It usually doesn't cover for full replacement of your property.

Such deductions could result in substantial refunds, providing critical financial support during a challenging time.Residents may also explore disaster loans or grants offered by the Small Business Administration (SBA) to cover damages or losses.