Investing in Philippines

[Derrick Dill]

Hey BP,

My grandfather recently passed away (Filipino) and he left me land walking distance from University of Antique. I was thinking of doing student housing there. I've been trying to do my due diligence, but it's proven difficult to find quotes for the area. From what I've gathered I can build nicer student housing for about 20k (USD).

Couple questions:

1. Is the 20k I found a reasonable estimate?

2. What can I expect in rental returns (USD) / month?

Thanks in advance!

Any insight in greatly appreciated!