The same goes for a city or a country.If you love Jaco and Dominical and want to have a house there that you can use for yourself part of the time and rent short-term the rest of the time, that's absolutely doable.If you look at it at a pure investment, your investment returns won't be all that great.

I think we all know the guru's are in the information selling business pure and simple..

Originally posted by @Joy Baker:Is owner financing a good way to go if your starting out as a new investor with a little of money? 

@Anthony BrittoI would not consider this, especially as a rents unless it was section 8 and the area was in dire need of housing as people will not be jumping for joy knocking down your doors to rent the place otherwise

But, using your math and comparing it to current numbers on this property, it would take about that many years (or more) to make back 100% of my cash purely from cash flow.  

@Gabriel Filipe Rodrigues Tavares sounds like you are using this as a hedge/ safety net not a pure investment.

I have a baby coming up in January and I am getting pure anxiety from owning this thing since I think I may have made a mistake, knowing this was a lot riskier, but calculated risk.

So, now we purely use QBO. 

This property is producing pure cash flow with a COC of 5.72%.

3- the owner is willing to hold financing with the newly found information and I am a proponent of "your price and my terms or my price and your terms" but I am seeking some guidance on shaping this deal so we can both walk away feeling like a winner (especially knowing a bank will not finance the property with DEC certification of soil remediation)4- there are no comps that could be used for the property so I am assessing it like a business, purely off of cost and income basis which plays back into the "how to shape the deal" advice I am seeking.