I would try to find an agent with investor experience and, ideally, a focus on investment properties. 

What have you tried, Tiwana? 

A personal liability policy "MAY" extend to one or two rentals but if you are planning on building a portfolio consider the commercial umbrella.Another thing to consider is that the courts frown on carry high personal liability but low business liability when trying to hide behind the vail.

Or you could try negotiating hard with the seller—point out the comps and the condition of the property.

Worth has tough restrictions, Dallas and Plano I think are both trying to implement restrictions.Where do you want to buy?

This is my first personal mortgage so I'm trying to learn the game.

If I own a property with a 1k mortgage per month and it stays empty (or I'm trying to evict) for a couple of months then I'll be ok.

I will try to find a solid mentor as soon as possible.

I'm trying to Figure out how to make this potential deal work.Seller wants to sell but not right away because they still use the house for some income. 

Well I'm not a lender or loan broker but I try to keep my ears open about loan products in Puerto Rico.