It decreases over time with a strong safety record.

You have to realize, with all of the growth in Belize over the past few years, there has not been a new hotel built in over 14 years, and the actual number of rentable units on the Island has actually decreased over that time.  

I'd recommend building up your income and decreasing your costs - live with roommates, start a side hustle, get raises at your W2.

I'd probably be gambling on appreciation, refi after a decrease in interest rates, or forced appreciation / rent increase via doing a rehab the first year. 

I believe a TIC can then be passed down to heirs (you) when they pass away.An installment sale, seller financing, and many other sale methods will likely result in paying taxes on their end (it would just be spread out over a number of years).And having them sell it to you at a low purchase price (to avoid taxes on their end) would decrease the amount of depreciation you would be able to take... which would increase taxes on your end.Also, taxes are not necessarily something to always avoid at all costs.

I would like to do this because it could increase my parents' taxable rental income and decrease my own taxable rental income.

From what I understand after going through the process you can sell or refinance the home at any point, but there is a lien placed on the property of 25,000 dollars that is decreased by 5,000 each year you live in the property.

Change in general is scary, but I am willing to take the risk to better my future and the future of my family.I definitely would not rent indefinitely, it would just be a medium as the market continues to decrease so I could then jump in and purchase another property.Thank you!

The time value of money is the only way to determine whether it's worth prepaying debt now (decreasing cash flow) to increase cash flow at a later date.

In the Charlotte region, new listings have decreased by 25.4% to 4,568, and pending sales have decreased by 13.1% to 4,329.