I recently found a duplex in puerto rico that I can house hack but I'm just worried about the economic situation in puerto rico. the house is in a small town of Coamo not the metro area. should I take this risk of investing in Puerto Rico? 

Given the current economic conditions and any upcoming trends you foresee, what are your forecast?

They are one of the largest residential REIAs in the county.

Our largest issue (and I understand how fortunate we are so not complaining...too much), is the enormous amount of taxes we pay.

The money moves to the largest corporations and banks tighten lending which brings home prices down OR2.

I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

This might be easier to handle between tenants.Market and Economic ConditionsMarket Fluctuations: Be prepared for potential fluctuations in the real estate market that could affect property values and rental demand.Economic Factors: Consider economic factors such as interest rates, job market conditions, and tourism trends that could impact the Tahoe area.Exit Strategy:Backup Plans: Have a backup plan in case your circumstances change, such as if you decide not to move to Tahoe or if the rental market becomes unfavorable.Sale Considerations: Understand the process and costs involved in selling the property if needed.

Jude Children’s Research Hospital provide economic stability and job growth, attracting residents and supporting the housing market.

So, like many, I've been intentionally on the sideline, but staying quite active with learning and keeping up with the economic data.

My personal assessment of the overall economic risks has hit a tipping point.