Well, our tax incentives for foreigners are even more beautiful and paying 10% maximum of income tax is always funny.When you add foreign investment to tourism and a booming economy it's easy to understand why the prices here are getting higher.That opens a lot of opportunities for everyone looking to invest.

I'll do just what you advised and start putting in all the properties I find to get a good understanding of the area here. 

Does your HVAC guy understand you want each minisplit completely on the individual apartment electric?

Is it ready for broad adoption?

Hey @Nick B. thanks for the input, this is exactly what I am trying to understand.

I (personally) and my clients use the 1031 process regularly and I definitely make it my business to understand the ins and outs, but I am a turnkey provider (and BP addict, clearly), not a 1031 pro ;) If you are considering selling soon, remember that a 1031 requires that you have a QI on your team before you get started, and there are plenty of timelines and rules to adhere to.

With that being said, I understand that nothing comes easily and this is generally a business in which you get out what you put in.

It was my understanding that I will get a 250k deduction but that was essentially it other than investments I've made to my current home.

Madeline,You're on the right track, you just need to reorganize some of your numbers to better understand the scenario.First, the 50% rule is a general rule to help quickly analyze the financials on a property, although it seems to be very accurate on average much of the time. 

@Frank SanchezI have a sneaky feeling that you are not working with a rockstar loan officer who understands investors.