I am considering my first rental/vacation property and would like it to be in Puerto Rico for a few reasons:

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1. I loved it when I went. Amazing beaches, food, nature, culture, etc. I enjoy speaking Spanish and salsa dancing and it is a great location for this.

2. It scores a 100/100 (san juan) on airdna, so it seems to have a strong rental market.

3. $$$ going into the island from the new tax incentives. It's a place to legally go and sell stock/business without capital gains. When those individuals are there for over half the year, it will bring prosperity to the island.

4. Quick/cheap flights from Philadelphia, where my primary residence is.

5. After establishing or continuing it as a rental, I'd like to move there myself for at least half the year.

Question: What are people's general opinion on PR in 2024? Is it still a good investment? Rough for a beginner? Important resources(articles, books, podcasts) to review?

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Searching properties:

Size: 0-2 bedrooms
Price range: 300k max

I've started looking on clasificados, and trying to determine where to search. I like the idea of san juan, specifically miramar, santurce, or anything 1-2km from the beach with food/entertainment really. Condo or house I am open to either, as long as it can be a reliable rental. I am sure everyone else feels the same though, so if there are any other recommended areas I'm open. Locations that are a 0-1 hour car ride from san juan to a nice town/city with more affordable areas walking distance to the beach would be interesting as well.

Examples:

https://www.clasificadosonline.com/UDRealEstateDetail.asp?ID...

https://www.clasificadosonline.com/UDRealEstateDetail.asp?ID...

Question: What are any issues with the above? Do I at least seem to be picking reasonable properties?

Question: What other areas of puerto rico do people suggest? I really enjoyed san juan, but realize it might be the most competitive area.

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Financing:

I would like to do 20% down, or more if needed, but I would like to avoid 100% cash offers as it would likely be the majority of my liquid assets.

Question: How does financing differ from the mainland? Am I likely to get a mortgage with a 20% offer or is it too competitive? Can mainland banks be used?

Agents:

I've read/heard that areas are largely represented by specific agents. I tried to get in contact with an agent through BP's find an agent, but the concierge said BP didn't have an agent in the area.

Question: What is a good way to get in contact with an agent who can help me narrow down locations and then focus on finding properties there

Property management:

Seeing as this is my first investment property, I would like to start with property management and learn more as I progress.

Question: Is property management common in PR and are there any recommendations?

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Thank you in advance for any guidance. I appreciate the podcast and forums here!