It would probably have to be a fairly cheap house (or duplex would be even better) but real estate is all about getting your foot in the door.

I have 9 rentals in Ohio and have never stepped foot in the state.

househackThere's many ways to get your foot into the REI door.

It's a good thing I'll be able to adjust rents up however, because operating expenses have gone way up also thanks to steeply increasing property taxes, insurance, utilities, lawn care, snow removal, appliances, hiring anyone to do anything, materials, price per square foot to remodel, etc. all goods and services have gone way up.  

But overall the worst I can see it being is it needs electrical and plumbing and painting..It would be my first deal so it lets me put my foot in the door so I can then take a home equity loan out of it to get into my next deal with a higher chance to negotiate the price down.Also the population density of Puerto Rico is so high that it seems unlikely I won't be able to find a tenant rather quickly, especially when a majority of the island is under affordable housing..

Furthermore, the property sits on a nearly 6,000-square-foot lot.

Ours has a 5 foot deck with roof built into the plan so that is easy peasy from your perspective and the presentation of the home lends to appraisal.

In Columbus, we take all of these issues you just mentioned and build a stacked triplex that has high density (42 dwelling units an acre), public utilities, higher rents per square foot, cost per unit under $115k basis for the investor (not $300k for a single family) and that is attached here.

Now, if I hadn't gotten the tongue lashing above, I might be in a better mood to ***** foot around the bush while whispering hints and telling it like it is.

However, being the lucky owner that I am, I was given the absolute honor of footing the bill/loss.