Would I be able to keep our current homeowners policy and then get an umbrella –Would this be enough for liability?

I wanted to know if there were restrictions that would keep me from making the conversion of the garage.

Keep calling around in PR.

Keep learning and asking questions.  

Hello Shawn,Congratulations on going under contract.I do not quite understand your question, but if you are asking how to increase cash flow:1) Find out how much tenant is paying in rent.2) Run a rental market comps and find out what is market rent.3) If there is a difference between 1 & 2, then present that to the current tenant and offer them slightly below market rent if you would like to keep them rather then having your property sit on market for 30-45 days to get it rented. 

I wll keep you posted on my progress.

It is just easier to keep it seperate.

I learned that keeping another property I acquired might not be the best option.

Anyway, lesson learned and I'll be keeping an eye on these  type of transactions ever more carefully as I continue to mature in my real estate investing trajectory.

However, for those who can afford the higher mortgages for the next year, keep on alert for potentially once in a lifetime real estate deals.Case in point, central banks around the world are now cutting interest rates at the fastest pace since 2020.Are you looking to start investing in real estate and need to find deals that pencil out?