12 years
If you're looking in BA then make sure you do alot of reading on everything before you start! It will certainly help if you are Argentinian, but at least you need to be fluent in Spanish. The Bureaucracy of Argentina is a nightmare, and certain (by no means all) areas of Argentinian government are very corrupt. Personally I would look at another country in S.A. (Obviously it depends on the reasons for wanting to open up in BA.
My advice is just read up. it's the same as most things. There are hostels that are hugely profitable, there are hostels that make a loss. It's too much of a vague question. The more money you have saved the less credit you will have to take and the more breathing space you will give yourself!
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