I know this is not going to be immediate...I will be making mistakes, I just want to minimize the damage of those mistakes!

The answers will indicate how well you did.1.

By way of example, I picked up an oceanfront condo in March for $640K, minimal work needed to be done, only changes for my aesthetic/brand purposes and here they come turn key so only updated what I really needed to (which also gives you an opportunity to cost segregate).  

Most investors who focus their underwriting on successfully completing the BRRRR method ignore the fundamentals that are most indicative of a properties long term success.

These guys look like they could use a trim for sure, and if they are solid mature trees with no rot, they are minimal to no risk to the house. 

As someone who's never invested in real estate before Puerto Rico is a very difficult place to start, since of how minimal public data is. 

with their reserves, their risk is very minimal (especially in multifamily asset class). 

It involves minimizing living expenses, building equity in one property, and leveraging that equity to buy another after a year.

After we move in 4-5 years, I would rent out both units.Pros:Potential for long-term appreciation in San Diego.Cons:The property will not cash flow enough to cover the mortgage while we are living there.After we move, it would provide very low returns and minimal cash flow.Would require a significant portion of my liquidity, making it harder to invest elsewhere and grow my rental portfolio.2.

Lastly, the "right to rely on instructions" clause suggests the QI has minimal responsibility to verify the authenticity of communications, which could increase risk.