Make sure that you use right background check and thorough reference check before getting a tenant.I am also HOA Board President for years. 

After reading Act 60 more thoroughly, you do indeed get some immediate benefits if you become a resident in Puerto Rico.

From being thorough in the screening to the annual inspection.

This one is no exception.Don, I have read some of your posts in the past few years and I have found them to be honest, thorough, and well-intentioned.

I am thoroughly impressed with the knowledge bank here at BP... very enlightening and always timely... despite the original post age :)

Dive into detailed market research, establish clear investment objectives, evaluate your financial readiness, analyze properties thoroughly, and perform due diligence before finalizing any transactions.

However, it's essential to thoroughly research and plan your approach to ensure a successful outcome.

Conduct a thorough financial analysis to assess the potential return on investment, cash flow, expenses, financing expenses, and tax ramifications.Create a reliable screening process for potential tenants.

I would strongly advise to do thorough due diligence.

Make sure to thoroughly research the real estate market in both states, taking into account things like property prices, rental demands, vacancy rates, possible appreciation, and income potential.