They'll continue to lend to you so long as you're a good partner and a reasonable risk.Rental income isn't counted until it has been established for two years.

But if we can prove to these folks WE ARE real then maybe we can get a more traditional relationship like I have with my RE broker network we have established over the decades.. ?? 

Try a portfolio lender maybe since you’re established they lend 90% LTV do you can maximize leverage.

They don't have mass tourism but they are emerging touristic spots (Brazil has an established domestic tourism market).There is another element that makes short-term rentals very attractive in Latin America in general.

I think that option is suited for those who have a process established, willing to train the VA, willing to manger the VA, and don't want to hire a PM and have the properties managed PM's way. 

After you’ve gotten established in your business consider building relationships with international offices and consider attending a conference for housing directors.

Trusted advisor Taffy.View looking at the street from the back of the lot.Street View. 

Strongly advise you to ask professional advisors tax and legal questions.

If you just blindly establish a LLC, thinking it's serving a "purpose" because hearsay but it's actually not, then you are just throwing time and money down the drain for no reason. 

The two questions might be answered with one "Wait 6 months to establish the income from the lease and then do a cash out refinance as long as your cash flow from the property is still positive with the new mortgage payment."