It was tough, but my dad asked if I wanted to go full time to flip and possibly manage rentals for the LLC we had already established.

I dont want to establish a relationship and not come through with a deal that would be unprofessional.

First we need to establish what your goals are?

Looking forward to establishing this group! 

Also be aware of squatter rights (Costa Rican law establishes possession rights over a property by means of occupation).

Then establish the rental portion.

Trust, Trust, Trust- You need to build systems and relationships that establish trust with investors.

Please check with your tax and financial advisor for final opinion.

I do have one question that I wouldn't be able to answer without input from someone who is actively involved in self-storage, so if you don't mind, I'll turn this thread that direction.Knowing that I'll be moving away from Pensacola in a year, that this is my first time investing in self-storage, and that my strategy will be finding mom and pop operators who've mismanaged their facility and aren't maximizing revenue, do you think one year is enough time to buy, stabilize the facility, and establish systems/processes such that I don't have to be involved in day-to-day operations?

We did that on note in Oregon last year that worked out well.If you work with a servicer that reports to the credit bureaus then you can help the buyer/payor either establish credit or improve their credit with timely payments.