Uruguay is my target country. I've done all my research. All the remains is to go down there and see if I still like it in person.

I am buying a snowbird home for myself. For vacation rentals, the rents are extremely high, but the tourist season is very short; literally no more than 6 weeks out of the year.

For year round rentals, the local salaries are not generous, so rents are not going to be high. But if you get more than a couple of blocks off the beach, prices of houses are quite reasonable.

Office buildings seem reasonable in cost to me, and that is another possibility for investing.

I do not know about tenants who do not pay rent, but in all of South America and Cenrtral America, if you get squatters in your house, it might take years to get them out.

Uruguay is a country with a low level of corruption and a high level of compliance with the laws, so I suspect that collecting rent is not going to be such a big issue.

If you can speak any Spanish, or have access to a Spanish dictionary. Buscandocasas is the site to look at for prices. They liist preprties for sale, for long term rent, and for vaction rentals.

When I speak to people who live there, they tell me that if you want a vacation rental, that the ones that do the best are in Punta del Este and have both pools and maid service.