Both projects are on the coast of Ecuador, but I would be marketing to people in the US, most likely retirees, as Ecuador has a massive American & Canadian expat community.In order for me to get started as an investor myself, I need funding.

It seems the millennial generation (my generation) prefers to rent and the standard "american dream" is shifting to an alternative approach.

@Eve Oliver I got my 90 hour training online at Real Estate Express.  

I personally ended up going with American Heritage.

(d) Notwithstanding Section 35-9A-141, no breach of any of the terms or obligations of the lease may be cured by a tenant more than four times in any 12-month period except by the express written consent of the landlord...

(For evidence of this, I recommend listening to a portion of Episode 512 of the This American Life podcast – skip to the 5 minute mark!

@Mike Cumbie  Great point I have Asian clients that came over to the US and we had a bank meeting with the pres of the bank and senior management.. the card exchange was quite formal.. two hand delivery and a bow of respect.this particular clients Asian business is work 3 times the bank... but you would never have known it when you watched him present his card to the bank pres.. out our way there are Class's we can take through MLS for dealing with foreign clients so we don't look like boorish Americans.  

Loan amount: 735660 Loan : Jumbo Down payment : 25% Credit: Excellent (800) Closing: Sep 20th. 2017 Lender: BOA(Bank of America) Loan term: 7/1 arm Interest rate: 2.875% APR: 3.484% Closing cost Credit: $3303 Interest Lock in time : 60 days (until Sep 25th) Lender Fees: $1465 3rd party/Appraisal and all those add ons (Section B from Loan estimate): $819 Title (North american title company) + Section E from Loan estimate: $4821 Prepaids : $2000 I was shopping for Title company and found NATC to be even cheaper than entitle direct by $300.

The formula for calculating the capitalization rate can be expressed in the following way:Capitalization Rate = Net Operating Income / Current Market ValueYour scenario is tricky as when properties are vacant, or where the leases are set to expire in the upcoming year you are often forced to make some assumptions.This just a quick & dirty of commercial properties as it relates to your original post.

Right now i'm flying the E145 for Trans States (United Express).