How you justified giving 60% of the true value of any property can be snake's head rising later on, financing it lengthens that issue of concern.

They also only adjust values every few years, so when the market is rising or falling, the assessor values often lag, sometimes by years.

That means only one thing: prices have to rise.

SFRs are rising in value and there are good opportunities to pick up discounted properties here. 

Thats assuming the market will rise and you can sell it for what you have into it during that time.  

Rents have never been this high and they are rising.

Where I disagree is in his interpretation that an option rises to the level of intent to sell thus turning you into a dealer that that house into inventory.A lease with an option to purchase is a very legitimate way to both demonstrate your intent and willingness to hold the property for productive use and at the same time locate a "potential" buyer who, if they exercise the option, will do so meeting your criteria for sale.This is no different from the investor who says, "Everything I have is for sale - just at the right price".

(Currency risks - Almost everything in Uruguay is bought and sold for in US Dollars) (Political risks - Uruguay has one of the most stable political governments in South America for the last 7 years) (Natural disasters - No natural disasters) (Distance risks, partner risks - You have this same risks anywhere in the world and most of all in your own back yard [If not willing to risk why bother]) (Language challenges - The second main language is English and the number of people who speak it fluently is rising) (legal costs higher - Didn't understand this one) (Tax comolexities - Uruguay is somewhat a tax haven, the government offers many benefits for tax deductions for investors because they want more and more investors to come in and do business here) (and it truly becomes an aggressive, complicated, high risk, high cost asset class - (aggressive and high risk - yes it is not argument there) (complicated and high cost - if you call a US $90.000,00 investment that yields between US $1000 to 1500 in net profit a month expensive than you are definitely correct)Just keep in mind, investing overseas is never easy, even when everything is favorable it is hard, doing this kinds of investments is not for the faint of heart. 

For instance, for the last two years the gap between development and demand in Denver and DC is rising (two of the cities with the most Millennial growth in recent years).

I am looking for a licensed and insured reputable contractor for tiling 2 bedrooms and renovating a bathroom in a high rise condominium on the beach.