The play there is that as regulated tenants leave the apartments can be renovated and rented or sold at market rate.

I purchased 4 then used the BRRR method to pull my cash out after the renovations and rolled that into others.  

Not my cup of tea, but Boston has a lot of great things going for it that in the long run I think you could make it work.If by multi-family though you mean a 5+ building that you're presumably going to look for in the Midwest or South...it's in its own bubble as a disturbingly large number of people who made bank in the last 10 years of the up market are shifting their focus to a larger scale asset and are purchasing these distressed properties which is driving cap rates down because people need a place just to park their cash. 

These days I checked several threats in this nice Bigger Pockets forum and found several people have already asked about investments in Costa Rica.I know how real estate investing is done in the U.S. and I also know, that you can't use the same approaches and strategies 1:1 for Costa Rica (some strategies just don't work here).In Costa Rica I am specialized in high-yield investment deals (8%+) in the San José area and also in high-end luxury properties with great ocean views and good rental income potential in luxury tourism.One of my projects right now is providing a larger investor client/partner of mine with 8%+ yield p.a. real estate investment deals (in the 200k asking price area per unit) in great neighborhoods in growth zones in and around San José.

The duplex is located in a town of about 7k people but is about 35 minutes out from a larger city of 300k.

Contact Haily SiebenalerProperty ManagerJakobson Management Company, LLC3414 Lovers LaneKalmazoo, MI 49001Office: (269)978-8877www.JMCMICHIGAN.comThis gal is on her toes and might be able to give the best I'd ideas for it.We currently have her doing full renovations on two of our current commercial multifamilies.

With 10% down you could probably find a larger home on a larger lot for $800k ($80k down) and plan on spending another $100k in renovations and furnishing. 

So we installed a window unit in the bedroom so when the weather is not that hot, we shut off the central air, and use our bedroom for eating and sleeping.BTW, I'm told 220 volts is more efficient, which is why for larger units, they're mainly 220 volts.

If you do that though you can't actually take out any of the cashflow...because the problem with CapEx is that it doesn't actually cost just 8% of your rent. when it come it comes big and heavy, so you'll need to be able to build up to having that reserve account...some people like to gamble and will take it out...I personally don't recommend taking cashflows from your real estate until you're much further along with much larger reserves.

We want the properties generating cash flow from the start, therefore not interesting in gut renovation projects at this moment.