So the income number is likely low and the maintenance numbers likely zero.

Overall the positives outweigh the negatives in my experience and what you lose in nightly rate you make up in occupancy/overall income and ease of management. 

@henryClark  owns property there and is up to speed with most things Belize.I was just down there in Jan. looking at some government sponsored low income housing where there were capital needs.

For example: 975k for an old (100 years) place with 100k income and 27k property taxes and owner paying $8,200 in annual utilities plus insurance and maintenance costs. 

Truthfully I couldn’t afford with of my duplexes without the rental income.

You are correct in your formula to make sure income covers expected costs.

You can you passive losses to neutralize/eliminate passive income.

Open up a separate bank account just for your rental activity.At the end of the year, export the date into excel and properly classify each transaction as income or an expense.

Hi Aaron, try to attend real estate networking events, join online forums, and connect with other investors through social media platforms like LinkedIn.

The resoning behind this is that while capital gains would be at a lower tax rate, the interest is ordinary income is taxed at a higher tax rate.