This is not a great return, but not terrible.As others noted, there are other risks, like having the property insured at full replacement or purchase price, or if the option is 100% seller financing with no money down or very little, versus 20% traditional down payment, this can start to move it into a better investment.

Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.

The other option would have been to get it done at the US consulate, and I suspect that would have been a bumpier road.

Explore alternative funding options: Connect with potential investors who can help guide our decision.

Should I wait for Spring for greater inventory, or for lower rates to see if cashflow improves?

I also practice as a Realtor because I enjoy it and it is extra income.So as an investor, your options are to get your RE license and have access to a lot of tools and do the research yourself (therefore you're paying with time, energy and a little money) or you work with a great realtor/investor in the specific market you're looking into.

Cash for keys will be my first option.

Certainly more areas with lower property taxes.

Florida’s got options; it’s all about digging in and making the right move!

A 4 bedroom would have you competing with larger condos or townhouses with pools, a much lower rate of return.