. $120k out of pocket money down to obtain the funds.Huuuh???

To readily obtain the highest end tenant I desire, it’s imperative that my properties have the following characteristics1.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

If the Tenant fails to obtain or maintain renters insurance as required, the Landlord may purchase a force-placed liability insurance policy to protect the Landlord’s interests.

Seems rather suspect with a 36% cap rate, and it's imperative to factor in the debt especially in a indefinitely and new normal high debt world.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain. 

My husband and I purchased our first Costa Rica property last year and were advised by our agent that in almost 6 years of working in that market he had only ever seen 1 American Couple successfully obtain a mortgage in Costa Rica and it was from Scotia Bank. 

Obviously if I held all these properties long term I could continue to 1031 from property to property and indefinitely defer long term capital gains.

How did you obtain financing?

The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.