When you start thinking rationally instead of emotionally, it's a lot easier to make that decision. 

It is not always rationally explained. 

Not great.To @Kenneth Reimer's point, that shows a 38% expense ration.

All I need a solid rational for decline, that is valid from legal point of view. :)

Sometimes the reason(s) lies outside of rational or logic. 

As always, car purchase should be rational and emotional purchase at the same time.

(It may look good on paper but not in real life) If you expect to cashflow on a $30K property and are only at 2% rent vs purchase price ration - watch out.

I’m looking for confirmation that I’m not crazy and this is a rational deal (sure it’s not amazing, but decent).So, am I crazy?

I'm really intrigued by what you're talking about with Central America, although like any rational investor while I am curious I'm incredibly cautious considering the political, criminal, and economic state of many of those countries.

Price to rent rations are a lot better, taxes are lower, but still good rental demand and quality tenants.