Roatan is in Honduras, not Mexico but based on what?

For investment properties, you can get a private money DSCR loan or hard money loans that are asset-based. 

Since you're based in Los Angeles and looking for more budget-friendly markets, you might want to consider states like Arizona, Nevada, Texas, or the Midwest, which generally boast lower property values.

-Real Estate is a Contact Sport...you can have a successful real estate career based on the number of people you know and keeping in touch with them on a regular basis throughout the year. 2) Can you "keep your day job" while you get started?

Loan is based on average rents in the area on the appraisal rental analysis.

I chuckle these days when I have friends mention a Canadian "ghetto".The barrier to entry (housing prices) would be the biggest factor in my opinion and therefore you'd need significantly greater capital to get started compared to the US.I had done some personal research in the past regarding investing in the US as a Canadian and you could do it from both ends:Canadian using a Canadian bank to finance a US property (think retirees buying places in FL or AZCanadian using a Canadian based bank that now has a foothold in the US (ie, TD, RBC, even Scotia)Canadian using a US bank to qualify for a property - clearly more work and have to talk to the right places.I won't get into my opinions of the housing market back in Canada in general, but opportunities will present themselves at all times...I just think you'll spend a lot more time and energy having to pursue it and garner a significant amount of capital to get started.

I am based out of Columbus, but am starting to expand to Cincinnati as well.

But I’m trying to figure out if that loss is worth it based on the current numbers I’m paying for the property every year.

When dealing with tenants and especially low income tenants here are a few thoughts based on 20 years experience and a few evictions:1.

I am based in the Tampa, FL area and looking to connect and build relationships with the community to learn about this exciting space and hopefully be able to contribute some day.