Cons: - I think property tax rates are kind of high.

If you are in a low tax bracket, it really may not be worth claiming. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

  $15,000 + $750 transfer taxes for a 0.5 acre coffee farm parcel in Panama. 

The violations pre-dated the borrower’s ownership period and our expectation was the renovations would resolve them.

Then you would get to take a partial exemption tax free. 

It depends on the situation.

Among the top reasons, I would recommend understanding what different price points look like in different areas along with taxes, legislation, population/economic growth, affordability & rental demand. 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

When buying a Real Estate consider property tax new cost specially in today's Market.