He can save $10k/yr for 3-5 yrs and end up with $30-50k down payment, but he will probably need a mortgage, which even if he gets a MF and rents out the other units, he will require some sort of income/ credit.

I’ve worked in many crawl spaces and there’s old houses with all sorts of little piers set on blocks and rocks or wood etc.

Should interest rates ever get back to any sort of market-driven interest rates, the house of cards could easily finally crash as many have predicted.The mortgage market is very undeveloped in Colombia, whereby prices are purely driven by supply and demand as they should in a modern capitalistic economy.

Sort of like me. 

I'm stuck in a sort of analysis paralysis of analyzing different markets right now.

Many people will not want to board a plane and fly into different destinations until a vaccine or some sort of therapeutic is proven effective. 

The fastest way to do a BRRRR is to initially buy and rehab with money that does not come from the bank (some sort of hard money lend or personal loan not tied to the property) As soon as you buy property with cash, you begin rehab ASAP so have that lined up as well, start building relationships with local contractors. 

Every landlord thinks they are an attorney so all sorts of crazy stuff ends up leases, haha.

You believe that even by holding 1-2 years there is a good possibility that value will increase and you can offload it as a slow flip of sorts, and make a good return off appreciation not just CF On the other hand here are reasons not to do it: 1.

And ballpark what sort of price expectations I should have for a CPA filing taxes for one property in one state and personal income tax (assuming it just makes sense to do both?)?