I also run investor retreats out of them so they serve multiple purposes.I would say that it takes a specific person who wants to invest in Costa Rica.

Investment: $124.2K; ROI: 73%/year; 10-year equity: $1.46M; Total cash return: $1.45M. 10-year equity multiple: 10x on $124K investment.

There are greater risks and cost investing out of state especially if you have to take long flights multiple times per month to interview your core 4 check on projects etc.

Other times you make multiple mistakes and your investment goes up anyway. 

If you're looking to network with multifamily investors and service providers I host multiple events a month.

With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com  who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.

Plan is to purchase multiple vacant lots for future development.

If you buy multiple properties, you can spread out your risk and avoid putting too much pressure on a single investment.

So when I get multiple bids and one is significantly lower, I don't think of them as a deal.

This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability​. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.