All bookings got compulsory 100% refund.I will survive (and maybe look for some buying opportunities :) but like others have said, my concerns are for people like my cleaning staff who have no work now.

I have invested in other countries in totally different property types, but those deserve their posts.Lessons LearnedI chose this favela because it was one of the safest and has clean water.

The prize of the house is 299,000 but I will make an offer for 275000 because it needs some work possibly 5,000 in clean up costs and preparing it.

I thought real estate was bullet-proof, that the games that made it vulnerable in 2008 had been cleaned up.

If she left the place in good condition upon move out you have to give it back along with an accounting for what you deducted for repairs cleaning etc.

Many Property Managers have "Turnkey product" or have the system to help you buy, clean up, rent, and manage something from afar. 

Credit markets still look very healthy, govt. and banks have been proactive to keep it that way. 

There are many owners who perform all responsibilities of owning a property, from paying the taxes to cleaning the toilets, etc. 

With a little bit of sacrifice, a little hard work, a little thinking outside of the box, and a few hours of cleaning per week, we were able to live exactly where we needed to live to do ministry with our church.What is more, we were able to save money, and because we were renting (and giving money to the rent fairies), we were able to put aside money into savings and purchase rental properties in another market.Here were the numbers:$92,400 / TWO YEAR PROJECTED RENT COST AT $3,850 A MONTH$48,000 / PROJECTED AIRBNB RENTALS OF THE BASEMENT (BASED ON A CONSERVATIVE $2,000 A MONTH NET PROFIT)——————-$44,400 / TOTAL PROJECTED ACTUAL RENT COST——————-$1,850 / PROJECTED CONSERVATIVE ACTUAL MONTHLY RENT TO LIVE WHERE WANTED TO LIVEGAINING EQUITY THROUGH THE PRINCIPLE OF LEVERAGE:That wasn’t enough, however, because at this point, I was still at a net-negative of $44,400.

If you are a landlord and you have healthy, young tenant that you were trying to remove, as much as you don't want to hear this, it's in your best interests to increase your offer to encourage them to leave.