I would start with a trusted and recommended real estate attorney in Costa Rica to discuss the concept they often use of a Corporation owning real estate in Costa Rica. 

We understand the basic concept of rental investments we are looking for homes and are pre qualified already with a high 4 to 5 % interest rate.

I submit that I don’t know and no one else does either.So do you buy Bitcoin now because it is down 50% from its high or do you wait because $30,000 is just a momentary pause on a continued steep decline.Real estate while more predictable than Bitcoin is similar.So buy property that is is good value today - with reasonable rational reasons for optimism for the future - and wait.

I think you've confused a couple of concepts here which all address first.  

Highly intelligent people usually have the hardest time grasping this concept.  

Said-debt levels are much higher today, and government solvency is at Risk if we sustain higher interest rates for a long term.Not getting too political, but higher costs leads to either default, or a combination of higher taxes and rationalizing social services/entitlements, and reducing the latter is politically damaging.In my opinion, the Fed has a ceiling on interest rates, and I think we’re getting close to it.I also think we won’t know that exact number until we’ve passed it, which we will, and they’ll be back to QE by end of year fixing the damage from “over correcting the response to inflation”.

So unless you were expecting to cashflow more than $1,000 per month...the appreciation will outpace the cashflow.There's lots more to this of course but those are some basic concepts to understand. 

ALSO, THEY NATURALLY HAVE A HUGE MISUNDERSTOOD CONCEPTION OF WHOLESALING REAL ESTATE AND IGNORE ALL THE BENEFITS.

Areas are zoned for no overnight rentals and they trade at a significant discount, sometimes 50 percent less than the same house a block over that has zoning for STR. this is done through local municipality placing restrictions for residents to have a place to live, but the same concept is being applied here, just in this situation its a property owner that is placing the restriction.So depending on the location of the property and the situation, it’s possible the 100k is worth it.

I am new here, only several months into the concept of REI so I plan on house hacking in my new location.