Good luck.I also plan on visiting PR(san juan for now,  maybe ponce as well) in November for fun and to learn more.

If you can answer these types of questions you will know what is important as you game plan for the next 10 years.

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental 

Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.

Scope of WorkA solid contract relies on a comprehensive scope of work.

I would also weigh if you plan on staying in the home you are in now for a long time or move in the next 5 years.

This is who will approve or deny your plans when you apply for a permit.

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

ESP if you are planning to lowball, an agent might be more reasonable to discuss with (seller might get emotional and offended with your offer).