Can always transfer title and then sell and 1031 but that could have long term tax consequences down the road as well. 

We're always looking for a long-term relationship.   

As long as you are aware of that, you are free to rent to whomever you choose.

At this repair budget it is going to take you 6 years to save for a roof which is a long time.

The exercise of tracking it regularly helps to keep it top of mind and it also allows me to see how my plans are working compared to my goals and if I need to make adjustments (I agree with @Chris Clothier that you've got a keep a long-term perspective because real estate investing, like life in general, is a marathon not a sprint).Great question, Allan!

How long does it usually take to complete all procedures with the first mortgage holder after buying the second mortgage to pay off the first mortgage? 

It can be a bit of a long process, but I have a partner who is an immigration lawyer that can expedite the process.If you are not going to go that route, you should expect to need 25-35% down.

how long does it take?

I do know quite a bit about Belize because I looked at possibly of investing there and did a thorough due diligence a long time ago and I know quite a few people who have invested there.

I'm Amy Mueller and my husband and I recently transitioned our long-term rental to a Mid-term and are looking to do this with a few more of our rentals.